Kite Realty Group Trust (KRG) 10-K 28 Feb 22 2021 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2021	Feb. 24, 2022	Jun. 30, 2021
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-33268
Entity Registrant Name	KITE REALTY GROUP TRUST
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	11-3715772
Entity Address, Address Line One	30 S. Meridian Street
Entity Address, Address Line Two	Suite 1100
Entity Address, City or Town	Indianapolis
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46204
City Area Code	317
Local Phone Number	577-5600
Title of 12(b) Security	Common Stock, $0.01 par value per common share
Trading Symbol	KRG
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 1.8
Entity Common Stock, Shares Outstanding		218,945,844
Documents Incorporated by Reference	Portions of the definitive Proxy Statement relating to the Registrant’s Annual Meeting of Shareholders, scheduled to be held on May 11, 2022, to be filed with the Securities and Exchange Commission, are incorporated by reference into Part III, Items 10–14 of this Annual Report on Form 10-K as indicated herein.
Entity Central Index Key	0001286043
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Kite Realty Group, L.P.
Entity Information [Line Items]
Entity File Number	333-202666-01
Entity Registrant Name	KITE REALTY GROUP, L.P.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-1453863
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001636315
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2019
Auditor [Line Item]
Auditor Firm ID	238	42
Auditor Name	KPMG LLP	Ernst & Young LLP
Auditor Location	Indianapolis, Indiana	Indianapolis, Indiana
Kite Realty Group, L.P.
Auditor [Line Item]
Auditor Firm ID	238	42
Auditor Name	KPMG LLP	Ernst & Young LLP
Auditor Location	Indianapolis, Indiana	Indianapolis, Indiana

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets:
Investment properties at cost:	$ 7,592,348	$ 3,143,961
Less: accumulated depreciation	(884,809)	(755,100)
Net investment properties	6,707,539	2,388,861
Cash and cash equivalents	93,241	43,648
Tenant and other receivables, including accrued straight-line rent of $28,071 and $24,783, respectively	68,444	57,154
Restricted cash and escrow deposits	7,122	2,938
Deferred costs, net	541,518	63,171
Short-term deposits	125,000	0
Prepaid and other assets	84,826	39,975
Investments in unconsolidated subsidiaries	11,885	12,792
Total assets	7,639,575	2,608,539
Liabilities and Shareholders' Equity:
Mortgage and other indebtedness, net	3,150,808	1,170,794
Accounts payable and accrued expenses	184,982	77,469
Deferred revenue and other liabilities	321,419	85,649
Total liabilities	3,657,209	1,333,912
Commitments and contingencies
Limited Partners’ interests in Operating Partnership and other	55,173	43,275
Kite Realty Group Trust Shareholders’ Equity:
Common shares	2,189	842
Additional paid-in capital	4,898,673	2,085,003
Accumulated other comprehensive loss	(15,902)	(30,885)
Accumulated deficit	(962,913)	(824,306)
Total Kite Realty Group Trust shareholders’ equity	3,922,047	1,230,654
Noncontrolling interests	5,146	698
Total equity	3,927,193	1,231,352
Total liabilities and shareholders’ equity	7,639,575	2,608,539
Kite Realty Group, L.P.
Assets:
Investment properties at cost:	7,592,348	3,143,961
Less: accumulated depreciation	(884,809)	(755,100)
Net investment properties	6,707,539	2,388,861
Cash and cash equivalents	93,241	43,648
Tenant and other receivables, including accrued straight-line rent of $28,071 and $24,783, respectively	68,444	57,154
Restricted cash and escrow deposits	7,122	2,938
Deferred costs, net	541,518	63,171
Short-term deposits	125,000	0
Prepaid and other assets	84,826	39,975
Investments in unconsolidated subsidiaries	11,885	12,792
Total assets	7,639,575	2,608,539
Liabilities and Shareholders' Equity:
Mortgage and other indebtedness, net	3,150,808	1,170,794
Accounts payable and accrued expenses	184,982	77,469
Deferred revenue and other liabilities	321,419	85,649
Total liabilities	3,657,209	1,333,912
Commitments and contingencies
Limited Partners’ interests in Operating Partnership and other	55,173	43,275
Kite Realty Group Trust Shareholders’ Equity:
Common shares	3,937,949	1,261,539
Accumulated other comprehensive loss	(15,902)	(30,885)
Total Kite Realty Group Trust shareholders’ equity	3,922,047	1,230,654
Noncontrolling interests	5,146	698
Total equity	3,927,193	1,231,352
Total liabilities and shareholders’ equity	$ 7,639,575	$ 2,608,539

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accrued straight-line rent	$ 28,071	$ 24,783
Common shares, par value (in USD per share)	$ 0.01	$ 0.01
Common shares, shares authorized (in shares)	490,000,000	225,000,000
Common shares, shares issued (in shares)	218,949,569	84,187,999
Common shares outstanding (in shares)	218,949,569	84,187,999
Kite Realty Group, L.P.
Accrued straight-line rent	$ 28,071	$ 24,783
Common shares, shares issued (in shares)	218,949,569	84,187,999
Common shares outstanding (in shares)	218,949,569	84,187,999

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenue:
Rental income	$ 367,399	$ 257,670	$ 308,399
Total revenue	373,324	266,645	315,173
Expenses:
Property operating	55,561	41,012	45,575
Real estate taxes	49,530	35,867	38,777
General, administrative and other	33,984	30,840	28,214
Merger and acquisition costs	86,522	0	0
Depreciation and amortization	200,460	128,648	132,098
Impairment charges	0	0	37,723
Total expenses	426,057	236,367	282,387
Gain on sales of operating properties, net	31,209	4,733	38,971
Operating (loss) income	(21,524)	35,011	71,757
Interest expense	(60,447)	(50,399)	(59,268)
Income tax benefit of taxable REIT subsidiary	310	696	282
Loss on debt extinguishment	0	0	(11,572)
Equity in loss of unconsolidated subsidiaries	(416)	(1,685)	(628)
Other income (expense), net	355	254	(573)
Consolidated net loss	(81,722)	(16,123)	(2)
Net loss (income) attributable to noncontrolling interests	916	(100)	(532)
Net loss attributable to Kite Realty Group Trust common shareholders	$ (80,806)	$ (16,223)	$ (534)
Net loss per common share – basic & diluted
Net loss per common share – basic (in dollars per share)	$ (0.73)	$ (0.19)	$ (0.01)
Net loss per common share – diluted (in dollars per share)	$ (0.73)	$ (0.19)	$ (0.01)
Weighted average common shares outstanding - basic (in shares)	110,637,562	84,142,261	83,926,296
Weighted average common shares outstanding - diluted (in shares)	110,637,562	84,142,261	83,926,296
Dividends declared per common share (in dollars per share)	$ 0.68	$ 0.4495	$ 1.27
Consolidated net loss	$ (81,722)	$ (16,123)	$ (2)
Change in fair value of derivatives	15,670	(14,969)	(13,158)
Total comprehensive loss	(66,052)	(31,092)	(13,160)
Comprehensive loss (income) attributable to noncontrolling interests	229	367	(160)
Comprehensive loss attributable to parent	(65,823)	(30,725)	(13,320)
Other property-related revenue
Revenue:
Revenues	4,683	8,597	6,326
Fee income
Revenue:
Revenues	1,242	378	448
Kite Realty Group, L.P.
Revenue:
Rental income	367,399	257,670	308,399
Total revenue	373,324	266,645	315,173
Expenses:
Property operating	55,561	41,012	45,575
Real estate taxes	49,530	35,867	38,777
General, administrative and other	33,984	30,840	28,214
Merger and acquisition costs	86,522	0	0
Depreciation and amortization	200,460	128,648	132,098
Impairment charges	0	0	37,723
Total expenses	426,057	236,367	282,387
Gain on sales of operating properties, net	31,209	4,733	38,971
Operating (loss) income	(21,524)	35,011	71,757
Interest expense	(60,447)	(50,399)	(59,268)
Income tax benefit of taxable REIT subsidiary	310	696	282
Loss on debt extinguishment	0	0	(11,572)
Equity in loss of unconsolidated subsidiaries	(416)	(1,685)	(628)
Other income (expense), net	355	254	(573)
Consolidated net loss	(81,722)	(16,123)	(2)
Net loss (income) attributable to noncontrolling interests	(514)	(528)	(528)
Net loss attributable to Kite Realty Group Trust common shareholders	(82,236)	(16,651)	(530)
Allocation of net (loss) income:
Limited Partners	(1,430)	(428)	4
Parent Company	$ (80,806)	$ (16,223)	$ (534)
Net loss per common share – basic & diluted
Net loss per common share – basic (in dollars per share)	$ (0.73)	$ (0.19)	$ (0.01)
Net loss per common share – diluted (in dollars per share)	$ (0.73)	$ (0.19)	$ (0.01)
Weighted average common shares outstanding - basic (in shares)	113,103,177	86,361,139	86,027,409
Weighted average common shares outstanding - diluted (in shares)	113,103,177	86,361,139	86,027,409
Dividends declared per common share (in dollars per share)	$ 0.68	$ 0.4495	$ 1.27
Consolidated net loss	$ (81,722)	$ (16,123)	$ (2)
Change in fair value of derivatives	15,670	(14,969)	(13,158)
Total comprehensive loss	(66,052)	(31,092)	(13,160)
Comprehensive loss (income) attributable to noncontrolling interests	(514)	(528)	(528)
Comprehensive loss attributable to parent	(66,566)	(31,620)	(13,688)
Kite Realty Group, L.P. | Other property-related revenue
Revenue:
Revenues	4,683	8,597	6,326
Kite Realty Group, L.P. | Fee income
Revenue:
Revenues	$ 1,242	$ 378	$ 448

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Shares	Additional Paid-in Capital	Accumulated Other Comprehensive (Loss) Income	Accumulated Deficit
Beginning balances (in shares) at Dec. 31, 2018		83,800,886
Beginning balances at Dec. 31, 2018	$ 1,412,705	$ 838	$ 2,078,099	$ (3,497)	$ (662,735)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation activity (in shares)		152,184
Stock compensation activity	6,149	$ 2	6,147
Other comprehensive (loss) income attributable to Kite Realty Group Trust	(12,786)			(12,786)
Distributions declared to common shareholders	(106,686)				(106,686)
Net loss attributable to Kite Realty Group Trust	(534)				(534)
Exchange of redeemable noncontrolling interests for common shares (in shares)		10,299
Exchange of redeemable noncontrolling interests for common shares	167		167
Adjustment to redeemable noncontrolling interests	(9,977)		(9,977)
Ending balances (in shares) at Dec. 31, 2019		83,963,369
Ending balances at Dec. 31, 2019	1,289,038	$ 840	2,074,436	(16,283)	(769,955)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation activity (in shares)		206,591
Stock compensation activity	5,485	$ 2	5,483
Other comprehensive (loss) income attributable to Kite Realty Group Trust	(14,602)			(14,602)
Distributions declared to common shareholders	(38,128)				(38,128)
Net loss attributable to Kite Realty Group Trust	(16,223)				(16,223)
Acquisition of partner’s noncontrolling interest in Pan Am Plaza	(2,500)		(2,500)
Exchange of redeemable noncontrolling interests for common shares (in shares)		18,039
Exchange of redeemable noncontrolling interests for common shares	187		187
Adjustment to redeemable noncontrolling interests	7,397		7,397
Ending balances (in shares) at Dec. 31, 2020		84,187,999
Ending balances at Dec. 31, 2020	1,230,654	$ 842	2,085,003	(30,885)	(824,306)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation activity (in shares)		245,333
Stock compensation activity	6,795	$ 2	6,793
Shares withheld for employee taxes (in shares)		(714,569)
Shares withheld for employee taxes	(15,038)	$ (7)	(15,031)
Issuance of common stock - Merger (in shares)		134,931,465
Issuance of common stock – Merger	2,847,369	$ 1,349	2,846,020
Other comprehensive (loss) income attributable to Kite Realty Group Trust	14,983			14,983
Distributions declared to common shareholders	(57,801)				(57,801)
Net loss attributable to Kite Realty Group Trust	(80,806)				(80,806)
Purchase of capped calls	(9,800)		(9,800)
Exchange of redeemable noncontrolling interests for common shares (in shares)		299,341
Exchange of redeemable noncontrolling interests for common shares	4,238	$ 3	4,235
Adjustment to redeemable noncontrolling interests	(18,547)		(18,547)
Ending balances (in shares) at Dec. 31, 2021		218,949,569
Ending balances at Dec. 31, 2021	$ 3,922,047	$ 2,189	$ 4,898,673	$ (15,902)	$ (962,913)

Consolidated Statements of Part

Consolidated Statements of Partners' Equity - USD ($) $ in Thousands	Total	Kite Realty Group, L.P.	Kite Realty Group, L.P.General PartnerCommon Equity	Kite Realty Group, L.P.General PartnerAccumulated Other Comprehensive (Loss) Income
Beginning balance at Dec. 31, 2018		$ 1,412,705	$ 1,416,202	$ (3,497)
Increase (Decrease) in Partners' Capital [Roll Forward]
Stock compensation activity		6,149	6,149
Other comprehensive (loss) income attributable to Parent Company	$ (12,786)	(12,786)		(12,786)
Distributions declared to Parent Company		(106,686)	(106,686)
Net loss attributable to Parent Company	(534)	(534)	(534)
Conversion of Limited Partner Units to shares of the Parent Company		167	167
Adjustment to redeemable noncontrolling interests		(9,977)	(9,977)
Ending balance at Dec. 31, 2019		1,289,038	1,305,321	(16,283)
Increase (Decrease) in Partners' Capital [Roll Forward]
Stock compensation activity		5,485	5,485
Other comprehensive (loss) income attributable to Parent Company	(14,602)	(14,602)		(14,602)
Distributions declared to Parent Company		(38,128)	(38,128)
Net loss attributable to Parent Company	(16,223)	(16,223)	(16,223)
Acquisition of partner’s noncontrolling interest in Pan Am Plaza		(2,500)	(2,500)
Conversion of Limited Partner Units to shares of the Parent Company		187	187
Adjustment to redeemable noncontrolling interests		7,397	7,397
Ending balance at Dec. 31, 2020		1,230,654	1,261,539	(30,885)
Increase (Decrease) in Partners' Capital [Roll Forward]
Stock compensation activity		6,795	6,795
Shares withheld for employee taxes	(15,038)	(15,038)	(15,038)
Issuance of General Partner Units to the Parent Company – Merger		2,847,369	2,847,369
Other comprehensive (loss) income attributable to Parent Company	14,983	14,983		14,983
Distributions declared to Parent Company		(57,801)	(57,801)
Net loss attributable to Parent Company	(80,806)	(80,806)	(80,806)
Purchase of capped calls	$ (9,800)	(9,800)	(9,800)
Conversion of Limited Partner Units to shares of the Parent Company		4,238	4,238
Adjustment to redeemable noncontrolling interests		(18,547)	(18,547)
Ending balance at Dec. 31, 2021		$ 3,922,047	$ 3,937,949	$ (15,902)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Consolidated net loss	$ (81,722)	$ (16,123)	$ (2)
Adjustments to reconcile consolidated net loss to net cash provided by operating activities:
Gain on sales of operating properties, net	(31,209)	(4,733)	(38,971)
Impairment charges	0	0	37,723
Loss on debt extinguishment	0	0	11,572
Straight-line rent	(5,391)	3,131	(2,158)
Depreciation and amortization	203,142	130,783	134,860
Compensation expense for equity awards	6,697	5,998	5,375
Amortization of debt fair value adjustments	(2,993)	(444)	(1,467)
Amortization of in-place lease liabilities	(2,611)	(3,822)	(3,776)
Changes in assets and liabilities:
Tenant receivables	(3,102)	(3,062)	3,170
Deferred costs and other assets	6,857	(7,618)	(6,265)
Accounts payable, accrued expenses, deferred revenue, and other liabilities	10,683	(8,595)	(2,099)
Net cash provided by operating activities	100,351	95,515	137,962
Cash flows from investing activities:
Cash and restricted cash acquired in the Merger	14,992	0	0
Acquisitions of interests in properties	(10,445)	(65,298)	(58,205)
Capital expenditures	(57,313)	(38,266)	(53,278)
Net proceeds from sales of land	54,157	9,134	0
Net proceeds from sales of operating properties	26,556	13,888	529,417
Investment in short-term deposits	(125,000)	0	0
Small business loan repayments	712
Small business loan funding		(2,199)	0
Change in construction payables	4,413	2,442	(542)
Distribution from unconsolidated joint venture	1,029	0	0
Capital contribution to unconsolidated joint venture	(134)	(541)	(798)
Net cash (used in) provided by investing activities	(91,033)	(80,840)	416,594
Cash flows from financing activities:
Proceeds from issuance of common shares, net	31	72	350
Repurchases of common shares upon the vesting of restricted shares	(15,031)	(1,336)	(533)
Purchase of capped calls	(9,800)	0	0
Debt and equity issuance costs	(8,141)	0	0
Loan proceeds	215,000	325,000	75,000
Loan payments	(77,591)	(302,477)	(470,515)
Debt extinguishment costs	0	0	(14,455)
Distributions paid – common shareholders	(57,801)	(38,128)	(133,258)
Distributions paid – redeemable noncontrolling interests	(2,208)	(1,533)	(3,838)
Acquisition of partner's interest in Pan Am Plaza joint venture	0	(2,500)	0
Net cash provided by (used in) financing activities	44,459	(20,902)	(547,249)
Net change in cash, cash equivalents and restricted cash	53,777	(6,227)	7,307
Cash, cash equivalents, and restricted cash, beginning of period	46,586	52,813	45,506
Cash, cash equivalents, and restricted cash, end of period	100,363	46,586	52,813
Supplemental disclosures
Cash paid for interest, net of capitalized interest	59,552	50,387	60,534
Non-cash investing and financing activities
Exchange of redeemable noncontrolling interests for common shares	4,236	0	0
Net investment in sales-type lease	0	4,665	0
Kite Realty Group, L.P.
Cash flows from operating activities:
Consolidated net loss	(81,722)	(16,123)	(2)
Adjustments to reconcile consolidated net loss to net cash provided by operating activities:
Gain on sales of operating properties, net	(31,209)	(4,733)	(38,971)
Impairment charges	0	0	37,723
Loss on debt extinguishment	0	0	11,572
Straight-line rent	(5,391)	3,131	(2,158)
Depreciation and amortization	203,142	130,783	134,860
Compensation expense for equity awards	6,697	5,998	5,375
Amortization of debt fair value adjustments	(2,993)	(444)	(1,467)
Amortization of in-place lease liabilities	(2,611)	(3,822)	(3,776)
Changes in assets and liabilities:
Tenant receivables	(3,102)	(3,062)	3,170
Deferred costs and other assets	6,857	(7,618)	(6,265)
Accounts payable, accrued expenses, deferred revenue, and other liabilities	10,683	(8,595)	(2,099)
Net cash provided by operating activities	100,351	95,515	137,962
Cash flows from investing activities:
Cash and restricted cash acquired in the Merger	14,992	0	0
Acquisitions of interests in properties	(10,445)	(65,298)	(58,205)
Capital expenditures	(57,313)	(38,266)	(53,278)
Net proceeds from sales of land	54,157	9,134	0
Net proceeds from sales of operating properties	26,556	13,888	529,417
Investment in short-term deposits	(125,000)	0	0
Small business loan repayments	712
Small business loan funding		(2,199)	0
Change in construction payables	4,413	2,442	(542)
Distribution from unconsolidated joint venture	1,029	0	0
Capital contribution to unconsolidated joint venture	(134)	(541)	(798)
Net cash (used in) provided by investing activities	(91,033)	(80,840)	416,594
Cash flows from financing activities:
Proceeds from issuance of common shares, net	31	72	350
Repurchases of common shares upon the vesting of restricted shares	(15,031)	(1,336)	(533)
Purchase of capped calls	(9,800)	0	0
Debt and equity issuance costs	(8,141)	0	0
Loan proceeds	215,000	325,000	75,000
Loan payments	(77,591)	(302,477)	(470,515)
Debt extinguishment costs	0	0	(14,455)
Distributions paid – common shareholders	(57,801)	(38,128)	(133,258)
Distributions paid – redeemable noncontrolling interests	(2,208)	(1,533)	(3,838)
Acquisition of partner's interest in Pan Am Plaza joint venture	0	(2,500)	0
Net cash provided by (used in) financing activities	44,459	(20,902)	(547,249)
Net change in cash, cash equivalents and restricted cash	53,777	(6,227)	7,307
Cash, cash equivalents, and restricted cash, beginning of period	46,586	52,813	45,506
Cash, cash equivalents, and restricted cash, end of period	100,363	46,586	52,813
Supplemental disclosures
Cash paid for interest, net of capitalized interest	59,552	50,387	60,534
Non-cash investing and financing activities
Exchange of redeemable noncontrolling interests for common shares	4,236	0	0
Net investment in sales-type lease	$ 0	$ 4,665	$ 0

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Kite Realty Group Trust (the “Parent Company”), through its majority-owned subsidiary, Kite Realty Group, L.P. (the “Operating Partnership”), owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of high-quality, open-air shopping centers and mixed-used assets in select markets in the United States. The terms “Company,” “we,” “us,” and “our” refer to the Parent Company and the Operating Partnership, collectively, and those entities owned or controlled by the Parent Company and/or the Operating Partnership. The Operating Partnership was formed on August 16, 2004, when the Parent Company contributed properties and the net proceeds from an initial public offering of shares of its common stock to the Operating Partnership. The Parent Company was organized in Maryland in 2004 to succeed in the development, acquisition, construction and real estate businesses of its predecessor. We believe the Company qualifies as a real estate investment trust (“REIT”) under provisions of the Internal Revenue Code of 1986, as amended. The Parent Company is the sole general partner of the Operating Partnership, and as of December 31, 2021 owned approximately 98.9% of the common partnership interests in the Operating Partnership (“General Partner Units”). The remaining 1.1% of the common partnership interests (“Limited Partner Units” and, together with the General Partner Units, the “Common Units”) were owned by the limited partners. As the sole general partner of the Operating Partnership, the Parent Company has full, exclusive and complete responsibility and discretion in the day-to-day management and control of the Operating Partnership. The Parent Company and the Operating Partnership are operated as one enterprise. The management of the Parent Company consists of the same members as the management of the Operating Partnership. As the sole general partner with control of the Operating Partnership, the Parent Company consolidates the Operating Partnership for financial reporting purposes, and the Parent Company does not have any significant assets other than its investment in the Operating Partnership. On October 22, 2021, we completed a merger with Retail Properties of America, Inc. (“RPAI”) in accordance with the Agreement and Plan of Merger dated July 18, 2021 (the “Merger Agreement”), by and among the Company, its wholly owned subsidiary KRG Oak, LLC (“Merger Sub”) and RPAI, pursuant to which RPAI merged with and into Merger Sub (the “Merger”). Immediately following the closing of the Merger, Merger Sub merged with and into the Operating Partnership so that all of the assets and liabilities of the Company continue to be held at or below Operating Partnership level. The transaction value was approximately $4.7 billion, including the assumption of approximately $1.8 billion of debt. We acquired 100 operating retail properties and five active development projects through the Merger along with multiple parcels of entitled land for future value creation. Pursuant to the terms of the Merger Agreement, each outstanding share of RPAI common stock converted into the right to receive 0.623 common shares of the Company plus cash in lieu of fractional Company shares. The aggregate value of the Merger consideration paid or payable to former holders of RPAI common stock was approximately $2.8 billion, excluding the value of RPAI restricted stock units that vested at closing and certain restricted share awards assumed by the Company at closing. In connection with the Merger, the Operating Partnership issued an equivalent amount of General Partner Units to the Parent Company. At December 31, 2021, we owned interests in 180 operating retail properties totaling approximately 29.0 million square feet and one office property with 0.3 million square feet. Of the 180 operating retail properties, 11 contain an office component. We also owned eight development projects under construction as of this date. Of the 180 properties, 177 are consolidated in these financial statements and the remaining three are accounted for under the equity method. At December 31, 2020, we owned interests in 90 operating and redevelopment properties totaling approximately 17.3 million square feet. We also owned two development projects under construction as of this date. Of the 90 properties, 87 are consolidated in these financial statements and the remaining three are accounted for under the equity method.

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESThe accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reported period. Actual results could differ from these estimates. Components of Investment Properties The composition of the Company’s investment properties as of December 31, 2021 and 2020 were as follows: Balance at December 31, ($ in thousands) 2021 2020 Land, building and improvements $ 7,543,376 $ 3,109,122 Furniture, equipment and other 7,612 6,979 Construction in progress 41,360 27,860 Investment properties, at cost $ 7,592,348 $ 3,143,961 Consolidation and Investments in Joint Ventures The accompanying financial statements are presented on a consolidated basis and include all accounts of the Parent Company, the Operating Partnership, the taxable REIT subsidiaries (“TRSs”) of the Operating Partnership, subsidiaries of the Operating Partnership that are controlled and any variable interest entities (“VIEs”) in which the Operating Partnership is the primary beneficiary. In general, a VIE is a corporation, partnership, trust or any other legal structure used for business purposes that either (a) has equity investors that do not provide sufficient financial resources for the entity to support its activities, (b) does not have equity investors with voting rights, or (c) has equity investors whose votes are disproportionate from their economics and substantially all of the activities are conducted on behalf of the investor with disproportionately fewer voting rights. The Operating Partnership accounts for properties that are owned by joint ventures in accordance with the consolidation guidance. The Operating Partnership evaluates each joint venture and determines first whether to follow the VIE or the voting interest entity (“VOE”) model. Once the appropriate consolidation model is identified, the Operating Partnership then evaluates whether it should consolidate the joint venture. Under the VIE model, the Operating Partnership consolidates an entity when it has (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. Under the VOE model, the Operating Partnership consolidates an entity when (i) it controls the entity through ownership of a majority voting interest if the entity is not a limited partnership or (ii) it controls the entity through its ability to remove the other partners or owners in the entity, at its discretion, when the entity is a limited partnership. In determining whether to consolidate a VIE with the Operating Partnership, we consider all relationships between the Operating Partnership and the applicable VIE, including development agreements, management agreements and other contractual arrangements, in determining whether we have the power to direct the activities of the VIE that most significantly affect the VIE’s performance. As of December 31, 2021, we owned investments in three consolidated joint ventures that were VIEs in which the partners did not have substantive participating rights and we were the primary beneficiary. As of December 31, 2021, these consolidated VIEs had mortgage debt of $29.0 million, which were secured by assets of the VIEs totaling $117.0 million. The Operating Partnership guarantees the mortgage debt of these VIEs. The Operating Partnership is considered a VIE as the limited partners do not hold kick-out rights or substantive participating rights. The Parent Company consolidates the Operating Partnership as it is the primary beneficiary in accordance with the VIE model. As of December 31, 2021, the Company also owned investments in four unconsolidated joint ventures accounted for under the equity method. The investments are as follows: Three Property Retail Portfolio Joint Venture On June 29, 2018, the Company formed a joint venture involving Nuveen Real Estate, formerly known as TH Real Estate. The Company sold three properties to the joint venture valued in the aggregate at $99.8 million and, after considering third-party debt obtained by the venture upon formation, the Company contributed $10.0 million for a 20% noncontrolling ownership interest in the venture. The Company serves as the operating member responsible for day-to-day management of the properties and receives property management and leasing fees. Both members have substantive participating rights over major decisions that impact the economics and operations of the joint venture. The Company is accounting for the joint venture under the equity method as it has the ability to exercise influence but not control over operating and financial policies. Embassy Suites at Eddy Street Commons In December 2017, we formed a joint venture with an unrelated third party to develop and own an Embassy Suites full-service hotel next to our Eddy Street Commons operating property at the University of Notre Dame. We contributed $1.4 million of cash to the joint venture in return for a 35% ownership interest in the venture. The joint venture has entered into a $33.8 million construction loan against which $33.6 million was drawn as of December 31, 2021. The joint venture is not considered a VIE. The Company is accounting for the joint venture under the equity method as both members have substantive participating rights and we do not control the activities of the venture. Glendale Multifamily Joint Venture In May 2020, the Company formed a joint venture for the planned development of a multifamily project adjacent to our Glendale Town Center operating property. The Company contributed land valued at $1.6 million to the joint venture and retained a 12% interest in the joint venture. The Company’s partner serves as the operating member responsible for day-to-day management. Both members have substantive participating rights over major decisions that impact the economics and operations of the joint venture. The Company is accounting for the joint venture under the equity method as it has the ability to exercise influence but not control over operating and financial policies. Buckingham Joint Venture In September 2021, the Company formed a joint venture for the planned redevelopment of The Corner into a mixed-use, multifamily and retail project. The Company contributed land valued at $4.0 million to the joint venture and retained a 50% interest in the joint venture. The Company’s partner serves as the operating member responsible for day-to-day management. Both members have substantive participating rights over major decisions that impact the economics and operations of the joint venture. The Company is accounting for the joint venture under the equity method as it has the ability to exercise influence but not control over operating and financial policies. Acquisition of Real Estate Properties Upon acquisition of real estate operating properties, including those assets acquired in the Merger with RPAI, we estimate the fair value of acquired identifiable tangible assets and identified intangible assets and liabilities, assumed debt, and any noncontrolling interest in the acquiree at the date of acquisition, based on evaluation of information and estimates available at that date. Based on these estimates, we record the estimated fair value to the applicable assets and liabilities. In making estimates of fair values, a number of sources are utilized, including information obtained as a result of pre-acquisition due diligence, marketing and leasing activities. The estimates of fair value were determined to have primarily relied upon Level 2 and Level 3 inputs, as defined below. Fair value is determined for tangible assets and intangibles, including: • the fair value of the building on an as-if-vacant basis and the fair value of land determined either by comparable market data, real estate tax assessments, independent appraisals or other relevant data; • above-market and below-market in-place lease values for acquired properties, which are based on the present value (using an interest rate that reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management’s estimate of fair market lease rates for the corresponding in-place leases, measured over the remaining non-cancelable term of the leases. Any below-market renewal options are also considered in the in-place lease values. The capitalized above-market and below-market lease values are amortized as a reduction of or addition to rental income over the term of the lease. Should a tenant vacate, terminate its lease, or otherwise notify us of its intent to do so, the unamortized portion of the lease intangibles would be charged or credited to income; • the value of having a lease in place at the acquisition date. We utilize independent and internal sources for our estimates to determine the respective in-place lease values. Our estimates of value are made using methods similar to those used by independent appraisers. Factors we consider in our analysis include an estimate of costs to execute similar leases including tenant improvements, leasing commissions and foregone costs and rent received during the estimated lease-up period as if the space was vacant. The value of in-place leases is amortized to expense over the remaining initial terms of the respective leases; and • the fair value of any assumed financing that is determined to be above or below market terms. We utilize third party and independent sources for our estimates to determine the respective fair value of each mortgage and other indebtedness, including related derivative instruments, assumed. The fair market value of each is amortized to interest expense over the remaining initial terms of the respective instrument. We also consider whether there is any value to in-place leases that have a related customer relationship intangible value. Characteristics we consider in determining these values include the nature and extent of existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant’s credit quality, and expectations of lease renewals, among other factors. To date, no tenant relationship has been developed that is considered to have a current intangible value. Investment Properties Capitalization and Depreciation Investment properties are recorded at cost and include costs of land acquisition, development, pre-development, construction, certain allocated overhead, tenant allowances and improvements, and interest and real estate taxes incurred during construction. Significant renovations and improvements are capitalized when they extend the useful life, increase capacity, or improve the efficiency of the asset. If a tenant vacates a space prior to the lease expiration, terminates its lease, or otherwise notifies the Company of its intent to do so, any related unamortized tenant allowances are expensed over the shortened lease period. Maintenance and repairs that do not extend the useful lives of the respective assets are reflected in property operating expense in the accompanying consolidated statements of operations and comprehensive income. Pre-development costs are incurred prior to vertical construction and for certain land held for development during the due diligence phase and include contract deposits, legal, engineering, cost of internal resources and other professional fees related to evaluating the feasibility of developing or redeveloping a shopping center or other project. These pre-development costs are capitalized and included in construction in progress in the accompanying consolidated balance sheets. If we determine that the completion of a development project is no longer probable, all previously incurred pre-development costs are immediately expensed. Land is transferred to construction in progress once construction commences on the related project. We also capitalize costs such as land acquisition, building construction, interest, real estate taxes, and the costs of personnel directly involved with the development of our properties. As a portion of a development project becomes operational, we expense a pro rata amount of related costs. Depreciation on buildings and improvements is computed using the straight-line method over estimated original useful lives ranging from 10 to 35 years. Depreciation on tenant allowances and tenant improvements is computed using the straight-line method over the term of the related lease. Depreciation on equipment and fixtures is computed using the straight-line method over five Impairment Management reviews operational and development projects, land parcels and intangible assets for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. This review for possible impairment requires certain assumptions, estimates, and significant judgment. Examples of situations considered to be impairment indicators for both operating properties and development projects include, but are not limited to: • a substantial decline in or continued low occupancy rate or cash flow; • expected significant declines in occupancy in the near future; • continued difficulty in leasing space; • a significant concentration of financially troubled tenants; • a reduction in anticipated holding period; • a cost accumulation or delay in project completion date significantly above and beyond the original development or redevelopment estimate; • a significant decrease in market price not in line with general market trends; and • any other quantitative or qualitative events or factors deemed significant by the Company’s management or Board of Trustees. Impairment losses for investment properties and intangible assets are measured when the undiscounted cash flows estimated to be generated by the investment properties during the expected holding period are less than the carrying amounts of those assets. The evaluation of impairment is subject to certain management assumptions including projected net operating income, anticipated hold period, expected capital expenditures and the capitalization rate used to estimate the property’s residual value. Impairment losses are recorded as the excess of the carrying value over the estimated fair value of the asset. Our impairment review for land and development properties assumes we have the intent and ability to complete the developments or projected uses for the land parcels. If we determine those plans will not be completed or our assumptions with respect to operating assets are not realized, an impairment loss may be appropriate. Assets Held for Sale Operating properties will be classified as held for sale only when those properties are available for immediate sale in their present condition and for which management believes it is probable that a sale of the property will be completed within one year, among other factors. Operating properties classified as held for sale are carried at the lower of cost or fair value less estimated costs to sell. Depreciation and amortization are suspended during the held-for-sale period. No properties qualified for held for sale accounting treatment as of December 31, 2021 and 2020. Restricted Cash and Escrow Deposits Escrow deposits consist of cash held for real estate taxes, property maintenance, insurance and other requirements at specific properties as required by lending institutions, certain municipalities or other agreements. Cash and Cash Equivalents We consider all highly liquid investments purchased with an original maturity of 90 days or less to be cash and cash equivalents. From time to time, such investments may temporarily be held in accounts that are in excess of FDIC and SIPC insurance limits; however, the Company attempts to limit its exposure at any one time. The following is a summary of our total cash, cash equivalents, and restricted cash as presented in our consolidated statements of cash flows for the years ended December 31, 2021, 2020, and 2019: (in thousands) 2021 2020 2019 Cash and cash equivalents $ 93,241 $ 43,648 $ 31,336 Restricted cash and escrow deposits 7,122 2,938 21,477 Total cash, cash equivalents, and restricted cash $ 100,363 $ 46,586 $ 52,813 Short-Term Deposits The Company has a short-term deposit held in a custody account at Bank of New York Mellon. The primary objective of management’s short-term deposit activity is to preserve capital for the purpose of funding debt maturities in 2022. The deposit balance approximates fair value and earns interest at a rate of the Federal Funds Rate plus 43 basis points with a maturity date of April 7, 2022. Interest income on the deposit is recorded within “Other income (expense), net” on the accompanying consolidated statements of operations and comprehensive income. The deposit is backed by a pool of marketable securities and a guarantee of principal by Goldman Sachs Group, Inc. Fair Value Measurements We follow the framework established under Financial Accounting Standards Board (“FASB”) ASC 820, Fair Value Measurements and Disclosures, for measuring fair value of non-financial assets and liabilities that are not required or permitted to be measured at fair value on a recurring basis but only in certain circumstances, such as a business combination or upon determination of an impairment. Assets and liabilities recorded at fair value on the consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows: • Level 1 fair value inputs are quoted prices in active markets for identical instruments to which we have access. • Level 2 fair value inputs are inputs other than quoted prices included in Level 1 that are observable for similar instruments, either directly or indirectly, and appropriately consider counterparty creditworthiness in the valuations. • Level 3 fair value inputs reflect our best estimate of inputs and assumptions market participants would use in pricing an instrument at the measurement date. The inputs are unobservable in the market and significant to the valuation estimate. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. As discussed in Note 9 to the consolidated financial statements, we have determined that derivative valuations are classified in Level 2 of the fair value hierarchy. Note 8 to the consolidated financial statements includes a discussion of the estimated fair value of fixed and variable rate debt, which are estimated using Level 2 and 3 inputs. Note 3 to the consolidated financial statements includes a discussion of the fair values recorded for the assets acquired in the Merger with RPAI in 2021. Level 3 inputs to this transaction include our estimations of land, net rental rates of anchor and small shop space and capitalization rates. Note 4 to the consolidated financial statements includes a discussion of the fair values recorded when we recognized impairment charges in 2019. Level 3 inputs to these transactions include our estimations of disposal values. Cash and cash equivalents, accounts receivable, escrows and deposits, and other working capital balances approximate fair value. Derivative Financial Instruments The Company accounts for its derivative financial instruments at fair value calculated in accordance with ASC 820, Fair Value Measurements and Disclosures . Gains or losses resulting from changes in the fair values of those derivatives are accounted for depending on the use of the derivative and whether it qualifies for hedge accounting. We use derivative instruments such as interest rate swaps or rate locks to mitigate interest rate risk on related financial instruments. Changes in the fair values of derivatives that qualify as cash flow hedges are recognized in other comprehensive income (“OCI”) while any ineffective portion of a derivative’s change in fair value is recognized immediately in earnings. Gains and losses associated with the transaction are recorded in OCI and amortized over the underlying term of the hedged transaction. For derivative contracts designated as fair value hedges, the gain or loss on the derivative is included within “Mortgage and other indebtedness, net” in the accompanying consolidated balance sheets. We include the gain or loss on the hedged item in the same account as the offsetting gain or loss on the related derivative contract. As of December 31, 2021 and 2020, all of our derivative instruments qualify for hedge accounting. Revenue Recognition As a lessor of real estate assets, the Company retains substantially all of the risks and benefits of ownership and accounts for its leases as operating leases. Contractual minimum base rent, percentage rent, and expense reimbursements from tenants for common area maintenance costs, insurance and real estate taxes are our principal sources of revenue. Base minimum rents are recognized on a straight-line basis over the terms of the respective leases. Certain lease agreements contain provisions that grant additional rents based on a tenant’s sales volume (contingent overage rent). Overage rent is recognized when tenants achieve the specified sales targets as defined in their lease agreements. Overage rent is included within “Rental income” in the accompanying consolidated statements of operations and comprehensive income for the years ended December 31, 2021, 2020 and 2019. If we determine that collectibility is probable, we recognize income from rentals based on the methodology described above. We have accounts receivable due from tenants and are subject to the risk of tenant defaults and bankruptcies that may affect the collection of outstanding receivables. These receivables are reduced for credit loss that is recognized as a reduction to rental income. We regularly evaluate the collectibility of these lease-related receivables by analyzing past due account balances and consider such facts as the credit quality of our customer, historical write-off experience and current economic trends when evaluating the collectibility of rental income. Although we estimate uncollectible receivables and provide for them through charges against income, actual experience may differ from those estimates. We recognize the sale of real estate when control transfers to the buyer. As part of our ongoing business strategy, we will, from time to time, sell properties, land parcels and outlots, some of which are ground-leased to tenants. Net gains realized on such sales were $0.5 million, $5.9 million, and $0.2 million for the years ended December 31, 2021, 2020, and 2019, respectively, and are classified within “Other property-related revenue” in the accompanying consolidated statements of operations and comprehensive income. Tenant and Other Receivables and Allowance for Uncollectible Accounts Tenant receivables consist primarily of billed minimum rent, accrued and billed tenant reimbursements, and accrued straight-line rent. The Company generally does not require specific collateral from its tenants other than corporate or personal guarantees. Other receivables consist primarily of amounts due from municipalities and from tenants for non-rental revenue related activities. An allowance for uncollectible accounts is maintained for estimated losses resulting from the inability of certain tenants or others to meet contractual obligations under their lease or other agreements. Accounts are written off when, in the opinion of management, the balance is uncollectible. The provision for revenues deemed uncollectible represented 0.9%, 6.0%, and 1.1% of total revenues in each of the years ended December 31, 2021, 2020 and 2019, respectively. The lower percentage for the year ended December 31, 2021 was driven by the recovery of revenues previously deemed uncollectible. Concentration of Credit Risk We may be subject to concentrations of credit risk with regards to our cash and cash equivalents. We place cash and temporary cash investments with high-credit-quality financial institutions. From time to time, such cash and investments may temporarily be in excess of insurance limits. In addition, our leases with tenants potentially subject us to a concentration of credit risk related to our accounts receivable and revenue. For the year ended December 31, 2021, the Company’s revenue recognized from tenants leasing space in the states where the majority of our portfolio is concentrated, Texas, Florida, New York, Maryland, and North Carolina, were as follows: Texas 24.0 % Florida 9.9 % New York 5.8 % Maryland 5.8 % North Carolina 5.1 % Earnings Per Share Basic earnings per share or unit is calculated based on the weighted average number of common shares or units outstanding during the period. Diluted earnings per share or unit is determined based on the weighted average number of common shares or units outstanding during the period combined with the incremental average common shares or units that would have been outstanding assuming the conversion of all potentially dilutive common shares or units into common shares or units as of the earliest date possible. Potentially dilutive securities include (i) outstanding options to acquire common shares; (ii) Limited Partner Units, which may be exchanged for either cash or common shares, at the Parent Company’s option and under certain circumstances; (iii) appreciation-only Long-Term Incentive Plan (“AO LTIP”) units, and (iv) deferred common share units, which may be credited to the personal accounts of non-employee trustees in lieu of compensation paid in cash or the issuance of common shares to such trustees. Limited Partner Units have been omitted from the Parent Company’s denominator for the purpose of computing diluted earnings per share since the effect of including these amounts in the denominator would have no dilutive impact. Weighted average Limited Partner Units outstanding for the years ended December 31, 2021, 2020 and 2019 were 2.5 million, 2.2 million and 2.1 million, respectively. These potentially dilutive securities are excluded from the computation of diluted earnings per share due to the net loss position for the years ended December 31, 2021, 2020, and 2019. Segment Reporting Our primary business is the ownership and operation of high-quality, open-air shopping centers and mixed-use assets. The Company’s chief operating decision maker, which is its Chief Executive Officer, does not distinguish or group our operations on a geographical basis, or any other basis, when measuring and evaluating the financial performance of the Company’s portfolio of properties. Accordingly, we have one operating segment, which also serves as our reportable segment for disclosure purposes in accordance with GAAP, as each property has similar economic characteristics, the Company provides similar services to its tenants and the Company’s chief operating decision maker evaluates the collective performance of our properties. Income Taxes and REIT Compliance Parent Company The Parent Company has been organized and operated, and intends to continue to operate, in a manner that will enable it to maintain its qualification as a REIT for U.S. federal income tax purposes. As a result, it generally will not be subject to U.S. federal income tax on the earnings that it distributes to the extent it distributes its “REIT taxable income” (determined before the deduction for dividends paid and excluding net capital gains) to shareholders of the Parent Company and meets certain other requirements on a recurring basis. To the extent that it satisfies this distribution requirement, but distributes less than 100% of its taxable income, it will be subject to U.S. federal corporate income tax on its undistributed REIT taxable income. REITs are subject to a number of organizational and operational requirements. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal income tax on its taxable income at regular corporate rates for a period of four years following the year in which qualification is lost. We may also be subject to certain U.S. federal, state and local taxes on our income and property and to U.S. federal income and excise taxes on our undistributed taxable income even if the Parent Company does qualify as a REIT. The Operating Partnership intends to continue to make distributions to the Parent Company in amounts sufficient to assist the Parent Company in adhering to REIT requirements and maintaining its REIT status. We have elected to treat Kite Realty Holdings, LLC as a TRS of the Operating Partnership. In addition, in connection with the Merger, we assumed RPAI’s existing TRS, IWR Protective Corporation, as a TRS of the Operating Partnership and we may elect to treat other subsidiaries as TRSs in the future. This election enables us to receive income and provide services that would otherwise be impermissible for a REIT. Deferred tax assets and liabilities are established for temporary differences between the financial reporting bases and the tax bases of assets and liabilities at the tax rates expected to be in effect when the temporary differences reverse. Deferred tax assets are reduced by a valuation allowance if it is more likely than not that some portion or all of the deferred tax asset will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest related to unrecognized tax benefits within “Interest expense” and penalties within “General, administrative and other” expenses in the accompanying consolidated statements of operations and comprehensive income. On March 27, 2020 and December 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and the Consolidated Appropriations Act, 2021 (“CAA”), respectively, were enacted into law. Among other provisions, the CARES Act and the CAA provide relief to U.S. federal corporate taxpayers through temporary adjustments to net operating loss rules, changes to limitations on interest expense deductibility, and the acceleration of available refunds for minimum tax credit carryforwards. The CARES Act and the CAA did not have a material effect on the Company’s consolidated financial statements. Our tax return for the year ended December 31, 2021 has not been filed as of the filing date of this Form 10-K of the Parent Company and the Operating Partnership. The taxability information presented for our dividends paid in 2021 is based upon management’s estimate. Consequently, the taxability of dividends is subject to change. A summary of the tax characterization of the dividends paid by the Parent Company for the years ended December 31, 2021, 2020, and 2019 is as follows: 2021 2020 2019 Ordinary income 0.0 % 89.3 % 29.7 % Return of capital 13.4 % 0.0 % 35.2 % Capital gains 86.6 % 10.7 % 35.1 % Balance, end of year 100.0 % 100.0 % 100.0 % Operating Partnership The allocated share of income and loss, other than the operations of our TRSs, is included in the income tax returns of the Operating Partnership’s partners. Accordingly, the only U.S. federal income taxes included in the accompanyi

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	ACQUISITIONS RPAI Merger On October 22, 2021, we completed a Merger with RPAI pursuant to which RPAI merged with and into Merger Sub, with the Company continuing as the surviving public company. Immediately following the closing of the Merger, Merger Sub merged with and into the Operating Partnership so that all of the assets and liabilities of the Company continue to be held at or below the Operating Partnership level. The aggregate value of the Merger consideration paid or payable to former holders of RPAI common stock was approximately $2.8 billion, excluding the value of RPAI restricted stock units that vested at closing and certain restricted share awards assumed by the Company at closing. The total purchase price was calculated based on the closing price of the Company’s common stock on October 21, 2021, the last business day prior to the effective time of the Merger, which was $21.18 per share. At the effective time of the Merger, each share of RPAI common stock issued and outstanding immediately prior to the effective time was converted into the right to receive 0.623 newly issued Company common shares. In addition, holders of (i) options to purchase shares of RPAI common stock, (ii) certain awards of restricted shares of RPAI common stock (as agreed in accordance with the Merger Agreement), and (iii) restricted stock units representing the right to vest in and be issued shares of RPAI common stock became entitled to receive cash and/or Company common shares in accordance with the terms of the Merger Agreement. The Company assumed certain existing awards of restricted shares of RPAI common stock, each of which were converted into 0.623 awards of restricted Company common shares in accordance with the Merger Agreement. In connection with the Merger, the Operating Partnership issued an equivalent amount of General Partner Units to the Parent Company. The number of RPAI common stock outstanding as of October 21, 2021 converted to shares of the Company’s common stock was determined as follows: RPAI common stock outstanding as of October 21, 2021 214,797,869 Exchange ratio 0.623 Company common shares issued for outstanding RPAI common stock 133,814,066 Company common shares issued for RPAI restricted stock units 1,117,399 Total Company common shares issued 134,931,465 The following table presents the purchase price and total value of equity consideration paid by the Company at the close of the Merger (in thousands except the share price of Company common shares): Price of Equity Total Value of Stock Consideration 1 As of October 21, 2021 $ 21.18 134,931 $ 2,847,369 1 The total value of stock consideration is the total of the common shares issued multiplied by the closing price of the Company’s common stock on October 21, 2021 excluding the value of certain RPAI restricted stock that vested at the closing of the Merger and share awards assumed by the Company at the closing of the Merger. As a result of the Merger, the Company acquired 100 operating retail properties and five active development projects under construction along with multiple parcels of entitled land for future value creation. The consolidated net assets and results of operations of RPAI are included in the accompanying consolidated financial statements from the closing date, October 22, 2021. During the year ended December 31, 2021, the Company incurred $86.5 million of merger and acquisition costs consisting primarily of fairness opinion, severance charges, legal, professional and data migration costs, which are recorded within “Merger and acquisition costs” in the accompanying consolidated statements of operations and comprehensive income. In addition, the Company assumed approximately $1.8 billion of debt in connection with the Merger. “Rental income” and “Net loss attributable to Kite Realty Group Trust common shareholders” in the accompanying consolidated statements of operations and comprehensive income include revenues from the RPAI portfolio of $94.9 million and net loss of $22.8 million for the period from October 22, 2021 through December 31, 2021, which includes $74.7 million of depreciation and amortization, as a result of the Merger during the year ended December 31, 2021. Provisional Purchase Price Allocation In accordance with ASC 805-10, Business Combinations , the Company accounted for the Merger as a business combination using the acquisition method of accounting. Based on the value of the common shares issued, the total fair value of the assets acquired and liabilities assumed in the Merger was $2.8 billion as of October 22, 2021, the date of the Merger. The following table summarizes the provisional purchase price allocation based on the Company’s initial valuation, including estimates and assumptions of the acquisition date fair value of the tangible and intangible assets acquired and liabilities assumed: Provisional Allocation Investment properties $ 4,439,387 Acquired lease intangible assets 524,058 Cash, accounts receivable and other assets 84,632 Total assets acquired 5,048,077 Mortgage and other indebtedness (1,848,476) Accounts payable, other liabilities, tenant security deposits and prepaid rent (176,391) In-place lease liabilities (171,378) Noncontrolling interests (4,463) Total liabilities assumed (2,200,708) Total purchase price $ 2,847,369 The fair market value of the acquired properties is based upon a valuation prepared by the Company with assistance of a third-party valuation specialist. As it relates to certain leases and related intangibles, development projects and land held for development, the Company and valuation specialist are still in the process of reviewing the inputs used by the third-party specialist to ensure reasonableness and that the procedures are performed in accordance with management’s policy. Therefore, the final acquisition accounting adjustments, including the purchase price and its allocation, are not yet complete as of this filing. Once the purchase price and allocation are complete, an adjustment to the provisional purchase price or allocation may occur. The range of the most significant Level 3 assumptions utilized in determining the value of the real estate and related assets acquired through the Merger with RPAI are as follows: 2021 Net rental rate per square foot – Anchors $4.00 to $45.00 Net rental rate per square foot – Small Shops $7.00 to $140.00 Capitalization rate 5.25% to 9.00% The following table details the provisional weighted average amortization periods, in years, of the purchase price provisionally allocated to real estate and related intangible assets and liabilities acquired arising from the Merger: Weighted Average Land N/A Building 18.9 Tenant improvements 6.6 In-place lease intangibles 5.3 Above-market leases 8.1 Below-market leases (including below-market option periods) 17.6 Fair market value of debt adjustments 6.8 Pro Forma Financial Information (unaudited) The pro forma financial information set forth below is based upon the Company’s historical consolidated statements of operations for the years ended December 31, 2021 and 2020, adjusted to give effect for the properties assumed through the Merger as if they were acquired as of January 1, 2020. The pro forma financial information is presented for informational purposes only and may not be indicative of what actual results of income would have been, nor does it purport to represent the results of income for future periods. Year Ended December 31, ($ in thousands) 2021 2020 Rental income $ 740,954 $ 683,093 Net income (loss) $ 21,283 $ (109,775) Net income (loss) attributable to common shareholders $ 20,535 $ (107,341) Net income (loss) attributable to common shareholders per common share: Basic 1 $ 0.09 $ (0.49) Diluted 1 $ 0.09 $ (0.49) 1 The pro forma earnings for the year ended December 31, 2021 were adjusted to exclude $86.5 million of merger costs incurred while the pro forma earnings for the year ended December 31, 2020 were adjusted to include these costs. Supplemental Schedule of Non-Cash Investing and Financing Activities Related to the Merger The following table summarizes the Merger-related non-cash investing and financing activities of the Company for the year ended December 31, 2021: ($ in thousands) Year Ended December 31, 2021 Investment properties $ 4,439,387 Acquired lease intangible assets $ 524,058 Mortgage and other indebtedness $ (1,848,476) In-place lease liabilities $ (171,378) Noncontrolling interests $ (4,463) Other assets and liabilities, net 1 $ (106,751) Company common shares issued in exchange for RPAI common stock $ (2,847,369) 1 Includes lease liabilities arising from obtaining right-of-use assets of $41,086, which was determined using an estimate of our incremental borrowing rate that was specific to each lease based upon the term and underlying asset with a weighted average incremental borrowing rate of 5.4%. Asset Acquisitions The Company closed on the following asset acquisitions during the years ended December 31, 2021, 2020 and 2019, respectively: (i) one multi-tenant retail outparcel at Nora Plaza, an existing operating property, for $13.5 million, (ii) one retail operating property for $65.3 million, and (iii) one retail operating property for $29.0 million and one parking garage for $29.5 million. The fair value of the real estate and other assets acquired were primarily determined using the income approach, which required us to make assumptions about market leasing rates, tenant-related costs, discount rates, and disposal rates. The estimates of fair value primarily relied upon Level 2 and Level 3 inputs, as previously defined. The following table summarizes the fair value of assets acquired and liabilities assumed for the asset acquisitions completed during the years ended December 31, 2021, 2020 and 2019: Year Ended December 31, ($ in thousands) 2021 2020 2019 Investment properties, net $ 13,488 $ 63,570 $ 56,393 Lease-related intangible assets, net 1 304 2,254 2,458 Other assets — — 320 Total acquired assets 13,792 65,824 59,171 Mortgage payable 3,578 — — Accounts payable and accrued expenses 100 280 595 Deferred revenue and other liabilities 189 246 371 Total assumed liabilities 3,867 526 966 Fair value of acquired net assets $ 9,925 $ 65,298 $ 58,205 1 The weighted average remaining life of leases at the acquired properties is approximately 5.3 years, 3.2 years and 5.6 years for asset acquisitions completed during the years ended December 31, 2021, 2020 and 2019, respectively. The range of the most significant Level 3 assumptions utilized in determining the value of the real estate and related assets acquired through asset acquisitions are as follows: 2021 2020 2019 Net rental rate per square foot – Anchors N/A to N/A $22.50 to $27.50 $11.00 to $12.96 Net rental rate per square foot – Small Shops $31.50 to $45.00 $15.00 to $65.00 $6.33 to $32.00 Discount rate 9.0% 9.0% 9.0% The results of operations for each of the properties acquired through asset acquisitions during the years ended December 31, 2021, 2020 and 2019 have been included in operations since their respective dates of acquisition.

DISPOSALS OF OPERATING PROPERTI

DISPOSALS OF OPERATING PROPERTIES AND IMPAIRMENT CHARGES	12 Months Ended
	Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
DISPOSALS OF OPERATING PROPERTIES AND IMPAIRMENT CHARGES	DISPOSALS OF OPERATING PROPERTIES AND IMPAIRMENT CHARGES During the year ended December 31, 2021, the Company sold one operating property, Westside Market, for gross proceeds of $24.8 million and a net gain of $4.3 million. In addition, the Company sold 17 ground leases for gross proceeds of $42.0 million and a net gain of $27.6 million. A portion of the proceeds was used to pay down our unsecured revolving credit facility. There were no operating properties sold during the year ended December 31, 2020. The Company sold one redevelopment property for gross proceeds of $14.0 million and a net gain of $3.1 million during the year ended December 31, 2020. During the year ended December 31, 2019, the Company sold 23 operating properties for aggregate gross proceeds of $543.8 million and a net gain of $39.0 million. During 2019, in connection with the preparation and review of the financial statements for the applicable periods, we evaluated a total of seven operating properties for impairment and recorded a cumulative $37.7 million impairment charge due to changes in facts and circumstances underlying the Company’s expected future hold period of these properties. A shortening of the expected future hold period is considered an impairment indicator under applicable accounting rules, and this indicator caused us to further evaluate the carrying value of these properties. We concluded the estimated undiscounted cash flows over the expected holding period did not exceed the carrying value of these assets given the new holding period, leading to the charge. We estimated the fair value using the market approach by utilizing recent sales offers without adjustment. We compared the estimated aggregate fair value of $176.0 million to the carrying values, which resulted in the recording of the non-cash impairment charge of $37.7 million for the year ended December 31, 2019. The results of all the operating properties sold in 2021, 2020, and 2019 are not included in discontinued operations in the accompanying consolidated statements of operations and comprehensive income as none of the operating properties individually, nor in the aggregate, represent a strategic shift that has had or will have a material effect on our operations or financial results.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION Overview The Company’s 2013 Equity Incentive Plan (the “Plan”), as amended and restated as of February 28, 2019, authorizes options to acquire common shares and other share-based compensation awards to be granted to employees and trustees for up to an additional 3,000,000 common share equivalents of the Company. The Company accounts for its share-based compensation in accordance with the fair value recognition provisions provided in ASC 718, Stock Compensation . Total share-based compensation expense, net of amounts capitalized, included within “General, administrative and other” expenses in the accompanying consolidated statements of operations and comprehensive income for the years ended December 31, 2021, 2020, and 2019 was $7.2 million, $5.6 million, and $5.3 million, respectively. For the years ended December 31, 2021, 2020, and 2019, total share-based compensation cost capitalized for development activities was $1.0 million, $1.2 million, and $1.1 million, respectively. The Company recognizes forfeitures as they occur. As of December 31, 2021, there were 1,277,380 shares and units available for grant under the Plan. Share Options Pursuant to the Plan, the Company may periodically grant options to purchase common shares at an exercise price equal to the grant date fair value of the Company’s common shares. Options granted typically vest over a five-year period and expire 10 years from the grant date. The Company issues new common shares upon the exercise of options. The following table summarizes the option activity under the Plan as of December 31, 2021 and changes during the year then ended: ($ in thousands, except share and per share data) Options Weighted Average Aggregate Weighted Average Remaining Outstanding at January 1, 2021 21,567 $ 20.67 Granted — — Exercised (1,250) 15.56 Expired (19,067) 21.04 Forfeited — — Outstanding at December 31, 2021 1,250 $ 20.20 $ 2 0.33 Exercisable at December 31, 2021 1,250 $ 20.20 $ 2 0.33 Exercisable at December 31, 2020 21,567 $ 20.67 There were no options granted in 2021, 2020 or 2019. The aggregate intrinsic value of the 1,250, 2,500 and 33,375 options exercised during the years ended December 31, 2021, 2020, and 2019 was $6,550, $2,000 and $86,000, respectively. Restricted Shares In addition to share option grants, the Plan also authorizes the grant of share-based compensation awards in the form of restricted common shares. Under the terms of the Plan, these restricted shares, which are considered to be outstanding shares from the date of grant, typically vest over a period ranging from three In connection with the Merger, we assumed the terms of award agreements governing 56,765 unvested restricted shares (as converted pursuant to the exchange ratio) granted prior to the Merger under RPAI’s equity incentive plan. Each assumed award is a time-vesting award that was issued with a three-year service period, unless accelerated pursuant to the original agreement or otherwise modified in connection with the Merger or the resulting integration. The following table summarizes the restricted share activity to employees and non-employee members of the Board of Trustees as of December 31, 2021 and changes during the year then ended: Number of Weighted Average Restricted shares outstanding at January 1, 2021 321,591 $ 14.42 Shares granted 137,646 19.32 Shares assumed in the Merger 56,765 21.13 Shares forfeited (5,226) 17.47 Shares vested (187,544) 13.34 Restricted shares outstanding at December 31, 2021 323,232 $ 18.27 The following table summarizes the restricted share grants and vestings during the years ended December 31, 2021, 2020, and 2019: ($ in thousands, except share and per share data) Number of Restricted Shares Granted Weighted Average Fair Value of Restricted Shares Vested 2021 194,411 $ 19.85 $ 3,763 2020 211,476 $ 13.21 $ 2,727 2019 154,440 $ 15.84 $ 2,270 As of December 31, 2021, there was $3.9 million of total unrecognized compensation cost related to restricted shares, which is expected to be recognized over a weighted average period of 0.90 years. We expect to incur $2.7 million of this expense in 2022, $1.0 million in 2023, and the remainder in 2024. Performance Awards In 2016, the Compensation Committee of the Company’s Board of Trustees established overall target values for incentive compensation for each executive officer, with 40% of the target value being granted in the form of time-based awards and the remaining 60% being granted in the form of performance awards. In 2018, the Compensation Committee awarded each of the Company’s named executive officers a three-year performance award in the form of performance share units (“PSUs”) that ended on December 31, 2020. The performance criteria was based 60% on the relative Total Shareholder Return (“TSR”) achieved by the Company measured against a peer group over the three-year measurement period and 40% on the achievement of a defined funds available for distribution (“FAD”). The total number of PSUs issued to the executive officers was based upon a target value of $2.4 million, but could be earned in a range of 0% to 200% of the target. Additionally, any PSUs earned based on the achievement of the pre-established FAD goals were subject to adjustment (either up or down 25%) based on the Company’s absolute TSR over the three-year measurement period. Approximately 172,000 PSUs were earned based upon the Company’s performance on the relative TSR measurement. The PSUs were valued at an aggregate value of $2.2 million using a Monte Carlo simulation and are fully amortized. Restricted Units Time-based restricted unit awards were made on a discretionary basis in 2019, 2020, and 2021 based on a review of each prior year’s performance. The following table summarizes the activity for time-based restricted unit awards for the year ended December 31, 2021: Number of Weighted Average Restricted units outstanding at January 1, 2021 491,196 $ 13.32 Restricted units granted 72,689 14.26 Restricted units vested (149,444) 14.00 Restricted units outstanding at December 31, 2021 414,441 $ 13.24 The following table summarizes the time-based restricted unit grants and vestings during the years ended December 31, 2021, 2020, and 2019: ($ in thousands, except unit and per unit data) Number of Restricted Units Granted Weighted Average Fair Value of Restricted Units Vested 2021 72,689 $ 14.26 $ 2,956 2020 431,913 $ 13.10 $ 1,784 2019 84,987 $ 14.11 $ 749 As of December 31, 2021, there was $4.2 million of total unrecognized compensation cost related to restricted units granted under the Plan, which is expected to be recognized over a weighted average period of 1.79 years. We expect to incur $1.6 million of this expense in 2022, $1.1 million in 2023, $0.8 million in 2024, and the remainder in 2025. AO LTIP Units During the years ended December 31, 2019, 2020 and 2021, in connection with its annual review of executive compensation and as described in the table below, the Compensation Committee approved an aggregate grant of AO LTIP Units to the Company’s executive officers under the Plan. Number of Participation Threshold Executive 2019 Awards 2020 Awards 2021 Awards 2019 Awards 2020 Awards 2021 Awards John A. Kite 1,490,683 1,729,729 477,612 $ 15.79 $ 17.76 $ 16.69 Thomas A. McGowan 372,671 405,405 149,254 $ 15.79 $ 17.76 $ 16.69 Heath R. Fear 253,416 275,675 119,403 $ 15.79 $ 17.76 $ 16.69 The Company entered into award agreements with each executive officer with respect to his awards, which provide terms of vesting, conversion, distribution, and other terms. AO LTIP Units are designed to have economics similar to stock options and allow the recipient, subject to vesting requirements, to realize value above a threshold level set as of the grant date of the award (the “Participation Threshold”). The value of vested AO LTIP Units is realized through conversion into a number of vested Long-Term Incentive Plan (“LTIP”) Units in the Operating Partnership determined on the basis of how much the value of a common share of the Company has increased over the Participation Threshold. The AO LTIP Units are only exercisable and convertible into vested LTIP Units of the Operating Partnership to the extent that they become vested AO LTIP Units. The awards of AO LTIP Units are subject to both time-based and stock price performance-based vesting requirements. Subject to the terms of the award agreements, the AO LTIP Units shall vest and become fully exercisable as of the date that both of the following requirements have been met: (i) the grantee remains in continuous service from the grant date through the third anniversary of the grant date; and (ii) at any time during the five-year period following the grant date for the 2019 awards and at any time during the period beginning in the second year and ending at the end of the fifth year following the grant date for the 2020 and 2021 awards, the reported closing price per common share of the Company appreciates at least 20% for the 2019 awards and at least 15% for the 2020 and 2021 awards over the applicable Participation Threshold per AO LTIP Unit (as set forth in the table above) for a minimum of 20 consecutive trading days. Any AO LTIP Units that do not become vested will be forfeited and become null and void as of the fifth anniversary of the grant date, but AO LTIP Units may also be forfeited earlier in connection with a corporate transaction or with the holder’s termination of service. The AO LTIP Units were valued using a Monte Carlo simulation and the resulting compensation expense is being amortized over three years for the 2019 and 2021 awards and five years for the 2020 awards. For the awards granted in 2019, we recognized $1.0 million of compensation expense in 2019, $1.1 million of compensation expense in 2020 and 2021 and expect to recognize the remaining $0.2 million of this expense in 2022. Compensation expense for the awards granted in 2020 totaled $3.6 million, of which we recognized $0.6 million and $0.7 million of compensation expense in 2020 and 2021, respectively, and expect to annually incur $0.7 million of this expense in 2022 through 2024 and the remainder in 2025. Compensation expense for the awards granted in 2021 totaled $3.0 million, of which we recognized $0.9 million of compensation expense in 2021 and expect to annually incur $1.0 million of this expense in 2022 and 2023 and the remainder in 2024.

DEFERRED COSTS AND INTANGIBLES,

DEFERRED COSTS AND INTANGIBLES, NET	12 Months Ended
	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Costs and Intangibles, net	DEFERRED COSTS AND INTANGIBLES, NET Deferred costs consist primarily of acquired lease intangible assets, broker fees and capitalized internal commissions incurred in connection with lease originations. Deferred leasing costs, lease intangibles and similar costs are amortized on a straight-line basis over the terms of the related leases. At December 31, 2021 and 2020, deferred costs consisted of the following: ($ in thousands) 2021 2020 Acquired lease intangible assets $ 567,149 $ 55,352 Deferred leasing costs and other 55,817 57,481 622,966 112,833 Less: accumulated amortization (81,448) (49,662) Total $ 541,518 $ 63,171 The estimated net amounts of amortization from acquired lease intangible assets for each of the next five years and thereafter are as follows: ($ in thousands) Amortization of above-market leases Amortization of acquired lease intangible assets Total 2022 $ 12,610 $ 133,302 $ 145,912 2023 10,297 85,763 96,060 2024 8,461 58,852 67,313 2025 6,571 39,351 45,922 2026 6,405 39,159 45,564 Thereafter 18,155 79,502 97,657 Total $ 62,499 $ 435,929 $ 498,428 Amortization of deferred leasing costs, lease intangibles and other is included within “Depreciation and amortization” in the accompanying consolidated statements of operations and comprehensive income. The amortization of above-market lease intangibles is included as a reduction to “Rental income” in the accompanying consolidated statements of operations and comprehensive income. The amounts of such amortization included in the accompanying consolidated statements of operations and comprehensive income are as follows: Year ended December 31, ($ in thousands) 2021 2020 2019 Amortization of deferred leasing costs, lease intangibles and other $ 45,423 $ 13,916 $ 14,239 Amortization of above-market lease intangibles 3,483 999 1,200

DEFERRED REVENUE, INTANGIBLES,

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES	12 Months Ended
	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES	DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES Deferred revenue and other liabilities consist of the unamortized fair value of below-market lease liabilities recorded in connection with purchase accounting, retainage payables for development and redevelopment projects, tenant rent payments received in advance of the month in which they are due, and lease liabilities recorded upon adoption of ASU 2016-02. The amortization of below-market lease liabilities is recognized as revenue over the remaining life of the leases (including option periods for leases with below-market renewal options) through 2085. Tenant rent payments received in advance are recognized as revenue in the period to which they apply, which is typically the month following their receipt. At December 31, 2021 and 2020, deferred revenue, intangibles, net and other liabilities consisted of the following: ($ in thousands) 2021 2020 Unamortized in-place lease liabilities $ 210,261 $ 45,479 Retainages payable and other 10,796 1,943 Tenant rents received in advance 30,125 11,716 Lease liabilities 70,237 26,511 Total $ 321,419 $ 85,649 The amortization of below-market lease intangibles is included as a component of “Rental income” in the accompanying consolidated statements and totaled $6.1 million, $4.8 million and $5.0 million for the years ended December 31, 2021, 2020 and 2019, respectively. The estimated net amounts of amortization of in-place lease liabilities and the increasing effect on minimum rent for each of the next five years and thereafter is as follows: ($ in thousands) 2022 $ 18,290 2023 16,668 2024 14,781 2025 12,440 2026 12,517 Thereafter 135,565 Total $ 210,261

MORTGAGE AND OTHER INDEBTEDNESS

MORTGAGE AND OTHER INDEBTEDNESS	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
MORTGAGE AND OTHER INDEBTEDNESS	MORTGAGE AND OTHER INDEBTEDNESS The Company has the following types of indebtedness: December 31, 2021 2020 Mortgages payable $ 392,590 $ 351,076 Senior unsecured notes 1,924,635 550,000 Unsecured term loans 720,000 250,000 Revolving line of credit 55,000 25,000 3,092,225 1,176,076 Unamortized discounts and premiums, net 69,425 1,732 Unamortized debt issuance costs, net (10,842) (7,014) Total mortgage and other indebtedness, net $ 3,150,808 $ 1,170,794 Consolidated indebtedness, including weighted average maturities and weighted average interest rates as of December 31, 2021, considering the impact of interest rate swaps, is summarized below: Amount Ratio Weighted Average Weighted Fixed rate debt 1 $ 2,853,212 92 % 4.00 % 4.6 Variable rate debt 2 239,013 8 % 3.01 % 4.2 Debt discounts, premiums and issuance costs, net 58,583 N/A N/A N/A Total $ 3,150,808 100 % 3.92 % 4.6 1 Fixed rate debt includes the portion of variable rate debt that has been hedged by interest rate swaps. As of December 31, 2021, $720.0 million in variable rate debt is hedged to a fixed rate for a weighted average of 3.2 years. 2 Variable rate debt includes the portion of fixed rate debt that has been hedged by interest rate swaps. As of December 31, 2021, $155.0 million in fixed rate debt is hedged to a floating rate for a weighted average of 3.7 years. Mortgages Payable The following table summarizes the Company’s mortgages payable: December 31, 2021 December 31, 2020 ($ in thousands) Balance Weighted Average Weighted Average Years Balance Weighted Average Weighted Average Years Fixed rate mortgages payable 1 $ 363,577 4.13 % 1.7 $ 295,966 4.12 % 2.1 Variable rate mortgage payable 2 29,013 1.70 % 0.1 55,110 1.74 % 1.1 Total mortgages payable $ 392,590 $ 351,076 1 The fixed rate mortgages had interest rates ranging from 3.75% to 5.73% and 3.78% to 5.73% as of December 31, 2021 and 2020, respectively. 2 The interest rate on the variable rate mortgage is based on LIBOR plus 160 basis points. The one-month LIBOR rate was 0.10% and 0.14% as of December 31, 2021 and 2020, respectively. Mortgages payable are secured by certain real estate and, in some cases, by guarantees from the Operating Partnership, are generally due in monthly installments of principal and interest and mature over various terms through 2032. During the year ended December 31, 2021, we made scheduled principal payments of $2.7 million related to amortizing loans and paid down $25.4 million on a variable rate mortgage payable. In connection with the Merger, the Company assumed mortgage loans totaling $90.7 million (including fair market value adjustments of $0.6 million), of which the Company repaid a $24.1 million mortgage at the closing of the Merger. In addition, the Company assumed a mortgage loan with a principal balance of $3.6 million and an interest rate of 3.8% that matures in 2032 in conjunction with the acquisition of the multi-tenant retail outparcel at Nora Plaza on December 22, 2021. Unsecured Notes The following table summarizes the Company’s senior unsecured notes and exchangeable senior notes: December 31, 2021 December 31, 2020 ($ in thousands) Maturity Date Balance Interest Rate Balance Interest Rate Senior notes – 4.23% due 2023 September 10, 2023 $ 95,000 4.23 % $ 95,000 4.23 % Senior notes – 4.58% due 2024 1 June 30, 2024 149,635 4.58 % — — % Senior notes – 4.00% due 2025 2 March 15, 2025 350,000 4.00 % — — % Senior notes – LIBOR + 3.65% due 2025 3 September 10, 2025 80,000 3.75 % 80,000 4.47 % Senior notes – 4.08% due 2026 1 September 30, 2026 100,000 4.08 % — — % Senior notes – 4.00% due 2026 October 1, 2026 300,000 4.00 % 300,000 4.00 % Senior exchangeable notes – 0.75% due 2027 April 1, 2027 175,000 0.75 % — — % Senior notes – LIBOR + 3.75% due 2027 4 September 10, 2027 75,000 3.85 % 75,000 4.57 % Senior notes – 4.24% due 2028 1 December 28, 2028 100,000 4.24 % — — % Senior notes – 4.82% due 2029 1 June 28, 2029 100,000 4.82 % — — % Senior notes – 4.75% due 2030 2 September 15, 2030 400,000 4.75 % — — % Total senior unsecured notes $ 1,924,635 $ 550,000 1 Private placement notes assumed in connection with the Merger. 2 Publicly placed notes assumed in connection with the Merger. 3 $80,000 of 4.47% senior unsecured notes has been swapped to a variable rate of LIBOR plus 3.65% through September 10, 2025. 4 $75,000 of 4.57% senior unsecured notes has been swapped to a variable rate of LIBOR plus 3.75% through September 10, 2025. Private Placement Senior Unsecured Notes Assumed in the Merger On October 22, 2021, in connection with the Merger, the Operating Partnership entered into a number of assumption agreements pursuant to which the Operating Partnership assumed all of RPAI’s obligations under RPAI’s existing Note Purchase Agreements (“NPAs”) related to an aggregate of $450.0 million in principal of privately placed senior unsecured notes (“Private Placement Notes”). Each series of Private Placement Notes require semi-annual interest payments each year until maturity. The Operating Partnership may prepay at any time all, or from time to time any part of, any series of the Private Placement Notes, in an amount not less than 5% of the aggregate principal amount of such series of the Private Placement Notes then outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid plus a Make-Whole Amount (as defined in the applicable NPA). The Make-Whole Amount is equal to the excess, if any, of the discounted value of the remaining scheduled payments with respect to the Private Placement Notes being prepaid over the amount of such Notes. Each NPA contains customary financial maintenance covenants including a maximum total leverage ratio, secured leverage ratio and unsecured leverage ratio and a minimum interest coverage ratio. Each NPA also contains restrictive covenants that restrict the ability of the Operating Partnership and its subsidiaries to, among other things, enter into transactions with affiliates, merge or consolidate, transfer assets or incur liens. Further, each NPA contains customary events of default, including in relation to non-payment, breach of covenants, defaults under certain other indebtedness, judgment defaults and bankruptcy events. In the case of an event of default, the holders of the Private Placement Notes may, among other remedies, accelerate the payment of all obligations. Publicly Placed Senior Unsecured Notes Assumed in the Merger On October 22, 2021, in connection with the Merger, the Operating Partnership (as successor by merger to RPAI) assumed all of RPAI’s outstanding $750.0 million aggregate principal of publicly placed senior unsecured notes (“Public Placement Notes”). The Public Placement Notes require semi-annual interest payments each year until maturity. The Public Placement Notes are the direct, senior unsecured obligations of the Operating Partnership and rank equally in right of payment with all of its existing and future unsecured and unsubordinated indebtedness. The Operating Partnership may redeem the Public Placement Notes at its option and in its sole discretion, at any time or from time to time prior to three months prior to the respective maturity date (such date, the “Par Call Date”), at a redemption price equal to 100% of the principal amount of the applicable Public Placement Notes being redeemed, plus accrued and unpaid interest and a “make-whole” premium calculated in accordance with the indenture. Redemptions on or after the respective Par Call Date are not subject to the addition of a “make-whole” premium. Exchangeable Senior Notes In March 2021, the Operating Partnership issued $175.0 million aggregate principal amount of 0.75% Exchangeable Senior Notes maturing in April 2027 (the “Exchangeable Notes”). The Exchangeable Notes are governed by an indenture between the Operating Partnership, the Company and U.S. Bank National Association, as trustee. The Exchangeable Notes were sold in the U.S. only to accredited investors pursuant to an exemption from the Securities Act of 1933, as amended (the “Securities Act”), and subsequently resold to qualified institutional buyers pursuant to Rule 144A under the Securities Act. The net proceeds from the offering of the Exchangeable Notes were approximately $169.7 million after deducting the underwriting fees and other expenses paid by the Company. The Exchangeable Notes bear interest at a rate of 0.75% per annum, payable semi-annually in arrears, and will mature on April 1, 2027. During the year ended December 31, 2021, we recognized approximately $1.6 million of interest expense for the Exchangeable Notes. Prior to January 1, 2027, the Exchangeable Notes will be exchangeable into cash up to the principal amount of the Exchangeable Notes exchanged and, if applicable, cash or common shares or a combination thereof, only upon certain circumstances and during certain periods. On or after January 1, 2027, the Exchangeable Notes will be exchangeable into cash up to the principal amount of the Exchangeable Notes exchanged and, if applicable, cash or common shares or a combination thereof at the option of the holders at any time prior to the close of business on the second scheduled trading day preceding the Maturity Date. The exchange rate will initially equal 39.6628 common shares per $1,000 principal amount of Exchangeable Notes (equivalent to an exchange price of approximately $25.21 per common share and an exchange premium of approximately 25% based on the closing price of $20.17 per common share on March 17, 2021). The exchange rate will be subject to adjustment upon the occurrence of certain events but will not be adjusted for any accrued and unpaid interest. The Operating Partnership may redeem the Exchangeable Notes, at its option, in whole or in part, on any business day on or after April 5, 2025, if the last reported sale price of the common shares has been at least 130% of the exchange price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which the issuer provides notice of redemption at a redemption price equal to 100% of the principal amount of the Exchangeable Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. In connection with the Exchangeable Notes, the Operating Partnership entered into privately negotiated capped call transactions (the “Capped Call Transactions”) with certain of the initial purchasers of the Exchangeable Notes or their respective affiliates. The Capped Call Transactions initially cover, subject to anti-dilution adjustments substantially similar to those applicable to the Exchangeable Notes, the number of common shares underlying the Exchangeable Notes. The Capped Call Transactions are expected generally to reduce the potential dilution to holders of common shares upon exchange of the Exchangeable Notes. The cap price of the Capped Call Transactions was initially approximately $30.26, which represents a premium of approximately 50% over the last reported sale price of common shares on March 17, 2021 and is subject to anti-dilution adjustments under the terms of the Capped Call Transactions. The cost of the Capped Call Transactions was $9.8 million and is recorded within additional paid-in capital. Unsecured Term Loans and Revolving Line of Credit The following table summarizes the Company’s term loans and revolving line of credit: December 31, 2021 December 31, 2020 ($ in thousands) Maturity Date Balance Interest Rate Balance Interest Rate Unsecured term loan due 2023 – fixed rate 1,2 November 22, 2023 $ 200,000 4.10 % $ — — % Unsecured term loan due 2024 – fixed rate 1,3 July 17, 2024 120,000 2.88 % — — % Unsecured term loan due 2025 – fixed rate 4,6 October 24, 2025 250,000 5.09 % 250,000 2.14 % Unsecured term loan due 2026 – fixed rate 1,5 July 17, 2026 150,000 2.97 % — — % Total unsecured term loans $ 720,000 $ 250,000 Unsecured credit facility revolving line of credit – variable rate 1,7 January 8, 2026 $ 55,000 1.20 % $ 25,000 1.29 % 1 Unsecured term loans and revolving line of credit assumed in connection with the Merger. 2 $200,000 of LIBOR-based variable rate debt has been swapped to a fixed rate 2.85% plus a credit spread based on a leverage grid ranging from 1.20% to 1.85% through November 22, 2023. The applicable credit spread was 1.25% as of December 31, 2021. 3 $120,000 of LIBOR-based variable rate debt has been swapped to a fixed rate 1.68% plus a credit spread based on a leverage grid ranging from 1.20% to 1.70% through July 17, 2024. The applicable credit spread was 1.20% as of December 31, 2021. 4 $250,000 of LIBOR-based variable rate debt has been swapped to a fixed rate of 5.09% through October 24, 2025. 5 $150,000 of LIBOR-based variable rate debt has been swapped to a fixed rate 1.77% plus a credit spread based on a leverage grid ranging from 1.20% to 1.70% through July 17, 2026. The applicable credit spread was 1.20% as of December 31, 2021. 6 The maturity date of the term loan may be extended for up to three additional periods of one year at the Operating Partnership’s option, subject to certain conditions. 7 The revolving line of credit has two six-month extension options that the Company can exercise, at its election, subject to (i) customary representations and warranties, including, but not limited to, the absence of an event of default as defined in the unsecured credit agreement and (ii) payment of an extension fee equal to 0.075% of the revolving line of credit capacity. Unsecured Revolving Credit Facility On October 22, 2021, in connection with the Merger, the Operating Partnership (as successor by merger to RPAI), as borrower, entered into the First Amendment (the “First Amendment”) to the Credit Agreement (as defined below) with KeyBank National Association (“KeyBank”), as administrative agent, and the lenders party thereto. The First Amendment amends the Sixth Amended and Restated Credit Agreement, dated as of July 8, 2021 (as amended, the “Credit Agreement”), among RPAI, as borrower, KeyBank, as administrative agent, and the lenders from time to time party thereto, which provides for an $850.0 million unsecured revolving credit facility (the “Revolving Facility”) with a scheduled maturity date of January 8, 2026 (which maturity date may be extended for up to two additional periods of six months at the Operating Partnership’s option, subject to certain conditions). Under the Credit Agreement, the Operating Partnership has the option to increase the Revolving Facility to an aggregate committed amount of $1.6 billion upon the Operating Partnership’s request, subject to certain conditions, including obtaining commitments from any one or more lenders, whether or not currently party to the Credit Agreement, to provide such increased amounts. Borrowings under the Revolving Facility bear interest at a rate per annum equal to LIBOR or the alternative base rate plus a margin based on the Operating Partnership’s leverage ratio or credit rating, respectively, plus a facility fee based on the Operating Partnership’s leverage ratio or credit rating, respectively. The Revolving Facility is currently priced on the leverage-based pricing grid. In accordance with the Credit Agreement, the credit spread set forth in the leverage grid resets quarterly based on the Company’s leverage, as calculated at the previous quarter end. The Company may irrevocably elect to convert to the ratings-based pricing grid at any time. The Credit Agreement includes a sustainability metric based on targeted greenhouse gas emission reductions, which results in a reduction of the otherwise applicable interest rate margin by one basis point upon achievement of targets set forth therein. The following table summarizes the key terms of the Revolving Facility: Leverage-Based Pricing Investment Grade Pricing Credit Agreement Maturity Date Extension Option Extension Fee Credit Spread Facility Fee Credit Spread Facility Fee $850,000 unsecured revolving line of credit 1/8/2026 2 six 0.075% 1.05%–1.50% 0.15%–0.30% 0.725%–1.40% 0.125%–0.30% The Operating Partnership’s ability to borrow under the Credit Agreement is subject to ongoing compliance by the Operating Partnership and its subsidiaries with various restrictive covenants, including with respect to liens, transactions with affiliates, dividends, mergers and asset sales. In addition, the Credit Agreement requires that the Operating Partnership satisfy certain financial covenants, including: • a maximum leverage ratio of 60%, which may be increased to 65% during the quarter in which a material acquisition occurs and the immediately following fiscal quarter up to two times during the term of the Credit Agreement; • an adjusted EBITDA to fixed charges coverage ratio of at least 1.50 to 1.00; • a ratio of secured indebtedness to total asset value of no more than 45%; • a ratio of unsecured debt to the value of a pool of unencumbered properties not to exceed 60%, which may be increased to 65% during the quarter in which a material acquisition occurs and the immediately following fiscal quarter up to two times during the term of the Credit Agreement; and • a ratio of net operating income attributable to a pool of unencumbered properties to unsecured debt interest expense to be not less than 1.75 to 1.00 at any time. As of December 31, 2021, we were in compliance with all such covenants. The Credit Agreement includes customary representations and warranties, which must continue to be true and correct in all material respects as a condition to future draws under the Revolving Facility. The Credit Agreement also contains customary events of default, the occurrence of which, following any applicable grace period, would permit the lenders to, among other things, declare the principal, accrued interest and other obligations under the Credit Agreement to be immediately due and payable. As of December 31, 2021, we had letters of credit outstanding which totaled $1.5 million, against which no amounts were advanced as of December 31, 2021. The Operating Partnership previously had a $600.0 million unsecured revolving credit facility that bore interest at a rate of LIBOR plus a credit spread ranging from 1.05% to 1.50% and was scheduled to mature on April 22, 2022. In connection with the Operating Partnership’s assumption of RPAI’s Sixth Amended and Restated Credit Agreement, the Operating Partnership terminated its existing revolving credit facility provided pursuant to the Fifth Amended and Restated Credit Agreement, dated as of July 28, 2016, by and among the Operating Partnership, the Company, KeyBank, as administrative agent, and the lenders party thereto. Unsecured Term Loans Assumed in the Merger On October 22, 2021, in connection with the Merger, the Operating Partnership (as successor by merger to RPAI) assumed all of RPAI’s outstanding $470.0 million aggregate principal of unsecured term loans (“Unsecured Term Loans”). The following table summarizes the key terms of the Unsecured Term Loans assumed: Unsecured Term Loans Maturity Date Leverage-Based Pricing Investment Grade Pricing $200,000 unsecured term loan due 2023 11/22/2023 1.20% – 1.85% 0.85% – 1.65% $120,000 unsecured term loan due 2024 7/17/2024 1.20% – 1.70% 0.80% – 1.65% $150,000 unsecured term loan due 2026 7/17/2026 1.20% – 1.70% 0.75% – 1.60% Under the agreement related to the $120.0 million and $150.0 million term loans, the Operating Partnership has the option to increase each of the term loans to $250.0 million upon the Operating Partnership’s request, subject to certain conditions, including obtaining commitments from any one or more lenders, whether or not currently party to the term loan agreement, to provide such increased amounts. In addition, under the agreement related to the $200.0 million term loan, the Operating Partnership has the option to increase the term loan to $300.0 million upon the Operating Partnership’s request, subject to certain conditions, including obtaining commitments from any one or more lenders, whether or not currently party to the term loan agreement, to provide such increased amounts. The agreements related to the Unsecured Term Loans assumed in the Merger contain representations, financial and other affirmative and negative covenants and events of default that are substantially similar to those contained in the Credit Agreement. The agreement related to the $150.0 million term loan includes a sustainability metric based on targeted greenhouse gas emission reductions, which results in a reduction of the otherwise applicable interest rate margin by one basis point upon achievement of targets set forth therein. Existing Unsecured Term Loan Due 2025 On October 25, 2018, the Operating Partnership entered into a Term Loan Agreement (the “Agreement”) with KeyBank National Association, as Administrative Agent, and the other lenders party thereto, providing for an unsecured term loan facility of up to $250.0 million (the “$250M Term Loan”). The $250M Term Loan ranks pari passu with the Operating Partnership’s existing Revolving Facility and other unsecured indebtedness of the Operating Partnership. The $250M Term Loan has a scheduled maturity date of October 24, 2025, which maturity date may be extended for up to three additional periods of one year at the Operating Partnership’s option, subject to certain conditions. The Operating Partnership has the option to increase the $250M Term Loan to $300.0 million, subject to certain conditions, including obtaining commitments from any one or more lenders, whether or not currently party to the Agreement, to provide such increased amounts. The Operating Partnership is permitted to prepay the $250M Term Loan in whole or in part, at any time, subject to a prepayment fee if prepaid on or before October 25, 2023. Debt Issuance Costs Debt issuance costs are amortized on a straight-line basis over the terms of the respective loan agreements. The following amounts of amortization of debt issuance costs are included as a component of “Interest expense” in the accompanying consolidated statements of operations and comprehensive income: Year ended December 31, ($ in thousands) 2021 2020 2019 Amortization of debt issuance costs $ 2,681 $ 2,135 $ 2,762 Debt Maturities The following table presents maturities of mortgage debt and corporate debt as of December 31, 2021: Secured Debt ($ in thousands) Scheduled Term Unsecured Debt Total 2022 $ 3,674 $ 153,500 $ — $ 157,174 2023 2,600 191,605 295,000 489,205 2024 2,721 — 269,635 272,356 2025 2,848 — 430,000 432,848 2026 2,981 — 605,000 607,981 Thereafter 30,181 2,480 1,100,000 1,132,661 $ 45,005 $ 347,585 $ 2,699,635 $ 3,092,225 Debt discounts, premiums and issuance costs, net 58,583 Total $ 3,150,808 Other Debt Activity The amount of interest capitalized during the years ended December 31, 2021, 2020, and 2019 was $1.6 million, $1.5 million, and $1.9 million, respectively. Fair Value of Fixed and Variable Rate Debt As of December 31, 2021, the estimated fair value of fixed rate debt was $2.4 billion compared to the book value of $2.3 billion. The fair value was estimated using Level 2 and 3 inputs with cash flows discounted at current borrowing rates for similar instruments, which ranged from 2.90% to 4.40%. As of December 31, 2021, the estimated fair value of variable rate debt was $806.4 million compared to the book value of $804.0 million. The fair value was estimated using Level 2 and 3 inputs with cash flows discounted at current borrowing rates for similar instruments, which ranged from 1.20% to 3.60%.

DERIVATIVE INSTRUMENTS, HEDGING

DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME	DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME In order to manage potential future variable interest rate risk, we enter into interest rate derivative agreements from time to time. We do not use interest rate derivative agreements for trading or speculative purposes. The agreements with each of our derivative counterparties provide that, in the event of default on any of our indebtedness, we could also be declared in default on our derivative obligations. As of December 31, 2021, we were party to various cash flow derivative agreements with notional amounts totaling $720.0 million, which includes $470.0 million of interest rate swaps assumed in connection with the Merger. These derivative agreements effectively fix the interest rate underlying certain variable rate debt instruments over expiration dates through 2026. Using a weighted average interest rate spread over LIBOR on all variable rate debt resulted in fixing the weighted average interest rate at 3.72%. In April 2021, we entered into two fair value derivative agreements with notional amounts totaling $155.0 million that swap a blended fixed rate of 4.52% for a blended floating rate of LIBOR plus 3.70% with an expiration date of September 10, 2025. In December 2021, we entered into two forward-starting interest rate swap contracts with notional amounts totaling $150.0 million that swap a floating rate of compound Secured Overnight Financing Rate (“SOFR”) for a fixed rate of 1.356% with an effective date of June 1, 2022 and an expiration date of June 1, 2032. As of December 31, 2021, the estimated fair value of the forward-starting swaps represented an asset of $0.3 million and is reflected within “Prepaid and other assets” in the accompanying consolidated balance sheets. These interest rate derivative agreements are the only assets or liabilities that we record at fair value on a recurring basis. The valuation of these assets and liabilities is determined using widely accepted techniques including discounted cash flow analysis. These techniques consider the contractual terms of the derivatives (including the period to maturity) and use observable market-based inputs such as interest rate curves and implied volatilities. We also incorporate credit valuation adjustments into the fair value measurements to reflect nonperformance risk on both our part and that of the respective counterparties. We determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, although the credit valuation adjustments associated with our derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by us and our counterparties. As of December 31, 2021 and 2020, we assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and determined the credit valuation adjustments were not significant to the overall valuation of our derivatives. As a result, we determined our derivative valuations were classified within Level 2 of the fair value hierarchy. As of December 31, 2021 and 2020, the estimated fair value of our interest rate derivatives represented a liability of $35.7 million and $32.1 million, respectively, including accrued interest of $1.0 million and $0.4 million, respectively. These balances are reflected within “Accounts payable and accrued expenses” on the accompanying consolidated balance sheets. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to earnings over time as the hedged items are recognized in earnings. Approximately $7.7 million and $4.0 million was reclassified as a reduction to earnings during the years ended December 31, 2021 and 2020, respectively. Approximately $0.6 million was reclassified as an increase to earnings during the year ended December 31, 2019. As interest payments on our derivatives are made over the next 12 months, we estimate the increase to interest expense to be $8.3 million, assuming the current LIBOR curve. Unrealized gains and losses on our interest rate derivative agreements are the only components of the change in accumulated other comprehensive loss.

LEASE INFORMATION

LEASE INFORMATION	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
LEASE INFORMATION	LEASE INFORMATION Rental Income The Company receives rental income from the leasing of retail and office space. The leases generally provide for certain increases in base rent, reimbursement for certain operating expenses, and may require tenants to pay contingent rent to the extent their sales exceed a defined threshold. Certain tenants have the option in their lease agreement to extend their lease upon the expiration of their contractual term. Variable lease payments are based upon tenant sales information and are recognized once a tenant’s sales volume exceeds a defined threshold. Variable lease payments for reimbursement of operating expenses are based upon the operating expense activity for the period. In connection with the Merger, the Company assumed all leases in place at legacy RPAI properties and began recognizing rental income under the respective leases upon completion of the Merger. Rental income related to the Company’s operating leases is comprised of the following for the years ended December 31, 2021, 2020 and 2019, respectively: Year Ended December 31, ($ in thousands) 2021 2020 2019 Fixed contractual lease payments – operating leases $ 292,873 $ 218,004 $ 244,666 Variable lease payments – operating leases 69,422 52,128 61,368 Bad debt recovery (reserve) (2,897) (13,259) (3,620) Straight-line rent adjustment 4,674 1,155 3,362 Straight-line rent recovery (reserve) for uncollectibility 716 (4,177) (1,153) Amortization of in-place lease liabilities, net 2,611 3,819 3,776 Total $ 367,399 $ 257,670 $ 308,399 The weighted average remaining term of the lease agreements is approximately 4.9 years. During the years ended December 31, 2021, 2020, and 2019, the Company earned overage rent of $0.8 million, $0.2 million, and $1.3 million, respectively. During 2020 and 2021, in response to the impact of the novel coronavirus (“COVID 19”) pandemic, the Company received rent relief requests from a significant proportion of its tenants. Some tenants have asserted various legal arguments that they allege relieve them of the obligation to pay rent during the pandemic; the Company and its legal advisers generally disagree with these legal arguments. The Company has evaluated and will continue to evaluate tenant requests for rent relief based on many factors, including the tenant’s financial strength and operating history, potential co-tenancy impacts, the tenant’s contribution to the shopping center in which it operates, the Company’s assessment of the tenant’s long-term viability, the difficulty or ease with which the tenant could be replaced, and other factors. As a result of this evaluation, the Company agreed to defer rent for a portion of its tenants, subject to certain conditions. The Company had deferred the collection of $2.9 million of rental income that remains outstanding as of December 31, 2021. To the extent the Company agrees to defer rent or is otherwise unable to collect rent for certain periods, the Company will realize decreased cash flow, which could significantly decrease the cash available for the Company’s operating and capital uses. As of December 31, 2021, future minimum rentals to be received under non-cancelable operating leases for each of the next five years and thereafter, excluding variable lease payments and amounts deferred under lease concession agreements, are as follows: ($ in thousands) Lease Payments 2022 $ 589,763 2023 540,899 2024 474,392 2025 405,830 2026 339,723 Thereafter 1,782,554 Total $ 4,133,161 Commitments under Ground Leases In connection with the Merger, the Company assumed three ground leases in which we lease (as lessee) all or a portion of the land under three retail operating properties acquired. As of December 31, 2021, we are obligated under 12 ground leases for approximately 98 acres of land. Most of these ground leases require fixed annual rent payments. The expiration dates of the remaining initial terms of these ground leases range from 2023 to 2092 with a weighted average remaining term of 35.6 years. Certain of these leases have five Right-of-use assets are included within “Prepaid and other assets” and the lease liabilities are included within “Deferred revenue and other liabilities” in the accompanying consolidated balance sheets. During the years ended December 31, 2021, 2020, and 2019, the Company incurred ground lease expense on these operating leases of $2.8 million, $1.9 million, and $1.8 million, respectively. The Company made payments of $2.6 million, $1.8 million and $1.7 million during the years ended December 31, 2021, 2020 and 2019, respectively, which were included in operating cash flows. As of December 31, 2021, future minimum lease payments due under ground leases for each of the next five years and thereafter are as follows: ($ in thousands) Lease Obligations 2022 $ 4,986 2023 4,811 2024 4,776 2025 4,900 2026 4,905 Thereafter 115,528 Total $ 139,906 Adjustment for discounting (69,669) Lease liabilities as of December 31, 2021 $ 70,237
LEASE INFORMATION	LEASE INFORMATION Rental Income The Company receives rental income from the leasing of retail and office space. The leases generally provide for certain increases in base rent, reimbursement for certain operating expenses, and may require tenants to pay contingent rent to the extent their sales exceed a defined threshold. Certain tenants have the option in their lease agreement to extend their lease upon the expiration of their contractual term. Variable lease payments are based upon tenant sales information and are recognized once a tenant’s sales volume exceeds a defined threshold. Variable lease payments for reimbursement of operating expenses are based upon the operating expense activity for the period. In connection with the Merger, the Company assumed all leases in place at legacy RPAI properties and began recognizing rental income under the respective leases upon completion of the Merger. Rental income related to the Company’s operating leases is comprised of the following for the years ended December 31, 2021, 2020 and 2019, respectively: Year Ended December 31, ($ in thousands) 2021 2020 2019 Fixed contractual lease payments – operating leases $ 292,873 $ 218,004 $ 244,666 Variable lease payments – operating leases 69,422 52,128 61,368 Bad debt recovery (reserve) (2,897) (13,259) (3,620) Straight-line rent adjustment 4,674 1,155 3,362 Straight-line rent recovery (reserve) for uncollectibility 716 (4,177) (1,153) Amortization of in-place lease liabilities, net 2,611 3,819 3,776 Total $ 367,399 $ 257,670 $ 308,399 The weighted average remaining term of the lease agreements is approximately 4.9 years. During the years ended December 31, 2021, 2020, and 2019, the Company earned overage rent of $0.8 million, $0.2 million, and $1.3 million, respectively. During 2020 and 2021, in response to the impact of the novel coronavirus (“COVID 19”) pandemic, the Company received rent relief requests from a significant proportion of its tenants. Some tenants have asserted various legal arguments that they allege relieve them of the obligation to pay rent during the pandemic; the Company and its legal advisers generally disagree with these legal arguments. The Company has evaluated and will continue to evaluate tenant requests for rent relief based on many factors, including the tenant’s financial strength and operating history, potential co-tenancy impacts, the tenant’s contribution to the shopping center in which it operates, the Company’s assessment of the tenant’s long-term viability, the difficulty or ease with which the tenant could be replaced, and other factors. As a result of this evaluation, the Company agreed to defer rent for a portion of its tenants, subject to certain conditions. The Company had deferred the collection of $2.9 million of rental income that remains outstanding as of December 31, 2021. To the extent the Company agrees to defer rent or is otherwise unable to collect rent for certain periods, the Company will realize decreased cash flow, which could significantly decrease the cash available for the Company’s operating and capital uses. As of December 31, 2021, future minimum rentals to be received under non-cancelable operating leases for each of the next five years and thereafter, excluding variable lease payments and amounts deferred under lease concession agreements, are as follows: ($ in thousands) Lease Payments 2022 $ 589,763 2023 540,899 2024 474,392 2025 405,830 2026 339,723 Thereafter 1,782,554 Total $ 4,133,161 Commitments under Ground Leases In connection with the Merger, the Company assumed three ground leases in which we lease (as lessee) all or a portion of the land under three retail operating properties acquired. As of December 31, 2021, we are obligated under 12 ground leases for approximately 98 acres of land. Most of these ground leases require fixed annual rent payments. The expiration dates of the remaining initial terms of these ground leases range from 2023 to 2092 with a weighted average remaining term of 35.6 years. Certain of these leases have five Right-of-use assets are included within “Prepaid and other assets” and the lease liabilities are included within “Deferred revenue and other liabilities” in the accompanying consolidated balance sheets. During the years ended December 31, 2021, 2020, and 2019, the Company incurred ground lease expense on these operating leases of $2.8 million, $1.9 million, and $1.8 million, respectively. The Company made payments of $2.6 million, $1.8 million and $1.7 million during the years ended December 31, 2021, 2020 and 2019, respectively, which were included in operating cash flows. As of December 31, 2021, future minimum lease payments due under ground leases for each of the next five years and thereafter are as follows: ($ in thousands) Lease Obligations 2022 $ 4,986 2023 4,811 2024 4,776 2025 4,900 2026 4,905 Thereafter 115,528 Total $ 139,906 Adjustment for discounting (69,669) Lease liabilities as of December 31, 2021 $ 70,237

SHAREHOLDERS_ EQUITY

SHAREHOLDERS’ EQUITY	12 Months Ended
	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
SHAREHOLDERS’ EQUITY	SHAREHOLDERS’ EQUITY Distributions Our Board of Trustees declared a cash distribution of $0.19 per common share and Common Unit for the fourth quarter of 2021. This distribution was paid on January 14, 2022 to common shareholders and Common Unit holders of record as of January 7, 2022. For the years ended December 31, 2021, 2020 and 2019, we declared cash distributions totaling $0.68, $0.4495, and $1.27, respectively, per common share and Common Units. At-The-Market Offering Program On February 23, 2021, the Company and the Operating Partnership entered into an Equity Distribution Agreement (the “Equity Distribution Agreement”) with each of BofA Securities, Inc., Citigroup Global Markets Inc., KeyBanc Capital Markets Inc. and Raymond James & Associates, Inc., pursuant to which the Company may sell, from time to time, up to an aggregate sales price of $150.0 million of its common shares of beneficial interest, $0.01 par value per share under an at-the-market offering program (the “ATM Program”). On November 30, 2021, the Company and the Operating Partnership amended the Equity Distribution Agreement to reflect their filing of a shelf registration statement on November 16, 2021 with the SEC. As of December 31, 2021, the Company has not sold any common shares under the ATM Program. The Operating Partnership intends to use the net proceeds, if any, to repay borrowings under its Revolving Facility and other indebtedness and for working capital and other general corporate purposes. The Operating Partnership may also use net proceeds for acquisitions of operating properties and the development or redevelopment of properties, although there are currently no understandings, commitments or agreements to do so. Share Repurchase Plan In February 2021, the Company’s Board of Trustees approved a share repurchase program, authorizing share repurchases up to an aggregate of $150.0 million (the “Share Repurchase Program”). In February 2022, the Company extended its share repurchase program for an additional year. The Share Repurchase Program, as extended, will terminate on February 28, 2023, if not terminated or extended prior to that date. As of December 31, 2021, the Company has not repurchased any shares under its Share Repurchase Program. The Company intends to fund any future repurchases under the Share Purchase Program with cash on hand or availability under its Revolving Facility, subject to any applicable restrictions. The timing of share repurchases and the number of common shares to be repurchased under the Share Repurchase Program will depend upon prevailing market conditions, regulatory requirements and other factors. Dividend Reinvestment and Share Purchase Plan We maintain a Dividend Reinvestment and Share Purchase Plan, which offers investors the option to invest all or a portion of their common share dividends in additional common shares. Participants in this plan are also able to make optional cash investments with certain restrictions.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Other Commitments and Contingencies We are obligated under various completion guarantees with certain lenders and lease agreements with tenants to complete all or portions of a development project and tenant-specific space currently under construction. We believe we currently have sufficient financing in place to fund these projects and expect to do so primarily through borrowings on our Revolving Facility. In 2017, we provided a repayment guaranty on a $33.8 million construction loan associated with the development of the Embassy Suites at the University of Notre Dame, consistent with our 35% ownership interest. Our portion of the repayment guaranty is limited to $5.9 million and the guaranty’s term is through July 1, 2024, the maturity date of the construction loan. As of December 31, 2021, the outstanding loan balance is $33.6 million, of which our share is $11.8 million. As of December 31, 2021, we had outstanding letters of credit totaling $1.5 million with no amounts advanced against these instruments. Legal Proceedings We are parties to routine litigation, claims, and administrative proceedings arising in the ordinary course of business. Management believes that such matters will not have a material adverse impact on our consolidated financial condition, results of operations or cash flows taken as a whole. As previously disclosed in our joint proxy statement/prospectus, beginning on August 27, 2021, two purported RPAI stockholders filed substantially similar complaints against RPAI and the members of the RPAI board of directors (the “RPAI Board”) in the United States District Court for the Southern District of New York. One of these complaints also named Kite Realty and Merger Sub as defendants. The complaints were captioned as follows: Wang v. Retail Properties of America, Inc. et al., No. 1:21-cv-07237 (S.D.N.Y. filed August 27, 2021); and Hopkins v. Retail Properties of America, Inc. et al., No. 1:21-cv-07324 (S.D.N.Y. filed August 31, 2021). The complaints variously asserted, among other things, claims under Section 14(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 14a-9 promulgated thereunder against RPAI and the members of the RPAI Board and claims under Section 20(a) of the Exchange Act against the members of the RPAI Board (and, in one case, Kite Realty and Merger Sub) for allegedly causing a materially incomplete and misleading registration statement on Form S-4 to be filed on August 23, 2021 with the SEC. Four additional lawsuits were filed against RPAI and the members of the RPAI Board between September 14, 2021 and October 8, 2021 under the captions Callebs v. Retail Properties of America, Inc. et al., No. 1:21-cv-07593 (S.D.N.Y. filed September 10, 2021); Sheridan v. Retail Properties of America, Inc., et al., No. 1:21-cv-04066-SCJ (N.D.Ga. filed October 1, 2021); Whitfield v. Retail Properties of America, Inc. et al., No. 2:21-cv-04390 (E.D.Pa. filed October 6, 2021); and Reinhardt v Retail Properties of America, Inc. et al., No. 1:21-cv-04187 (N.D. Ga. filed October 8, 2021), which were substantially similar to the other two complaints. Also, on September 15, 2021, a purported Kite Realty shareholder filed a complaint against Kite Realty and the members of the Kite Realty board of trustees in the United States District Court for the Eastern District of New York, captioned as follows: Gentry v. Kite Realty Group Trust et al., No. 1:21-cv-05142 (E.D.N.Y. filed September 15, 2021). The complaint asserted substantially similar claims under Sections 14(a) and 20(a) of the Exchange Act and Rule 14a-9 as the other complaints against RPAI and the RPAI Board. Plaintiffs sought, among other things, to enjoin or rescind the Merger, an award of damages in the event the Merger was consummated, and an award of costs and attorneys’ fees. Subsequent to completion of the RPAI merger, and subsequent to December 31, 2021, the lawsuits described in the preceding paragraph were voluntarily dismissed. We believe that the claims asserted in the actions were without merit .

RELATED PARTIES AND RELATED PAR

RELATED PARTIES AND RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTIES AND RELATED PARTY TRANSACTIONS	RELATED PARTIES AND RELATED PARTY TRANSACTIONS Subsidiaries of the Company provide certain management, construction management and other services to certain entities owned by certain members of the Company’s management. During each of the years ended December 31, 2021, 2020 and 2019, we earned less than $0.1 million from entities owned by certain members of management. We reimburse entities owned by certain members of our management for certain travel and related services. During the years ended December 31, 2021, 2020 and 2019, we paid $0.3 million, $0.5 million and $0.8 million, respectively, to this related entity.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Subsequent to December 31, 2021, we: • closed on the disposition of a portion of Hamilton Crossing Centre, a redevelopment property located in the Indianapolis MSA, for a sales price of $6.9 million; • closed on the acquisition of Pebble Marketplace, an 85,796 square foot multi-tenant retail property located in the Las Vegas MSA, for a gross purchase price of $44.1 million; • repaid the $41.2 million mortgage that previously encumbered Bayonne Crossing; and • granted 363,883 LTIP Units to the Company’s named executive officers as a special long-term equity award related to the Merger, which are subject to both performance and service conditions. The LTIP Units granted are subject to an approximate three-year performance and service period, from October 23, 2021 through December 31, 2024 and the performance components are as follows: (i) cumulative annualized net operating income for executed new leases from October 1, 2021 to December 31, 2024, which will be weighted at 60%; (ii) post-Merger cash general and administrative expense synergies achieved as of the end of the performance period, which will be weighted at 20%; and (iii) same property net operating income margin improvement over the performance period, which will be weighted at 20%. Overall performance is further subject to an absolute total shareholder return modifier that has the ability to increase (or decrease) the total number of LTIP Units eligible to vest by 25% (not to exceed the maximum number of LTIP Units). Distributions will accrue during the performance period and will be paid only on LTIP Units that vest at the conclusion of the performance period, and any accrued distributions on vested LTIP Units will be settled in cash at such time.

Schedule III - Consolidated Rea

Schedule III - Consolidated Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2021
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
SEC Schedule III - Consolidated Real Estate and Accumulated Depreciation	KITE REALTY GROUP TRUST AND KITE REALTY GROUP, L.P. AND SUBSIDIARIES Schedule III Consolidated Real Estate and Accumulated Depreciation December 31, 2021 ($ in thousands) Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties 12th Street Plaza $ — $ 2,624 $ 12,691 $ — $ 964 $ 2,624 $ 13,655 $ 16,279 $ 4,897 1978/2003 2012 54th & College — 2,672 — — — 2,672 — 2,672 — 2008 NA Arcadia Village — 8,487 10,911 — — 8,487 10,911 19,398 178 1957 2021 Ashland & Roosevelt — 9,932 25,714 — — 9,932 25,714 35,646 405 2002 2021 Avondale Plaza — 6,661 10,269 — — 6,661 10,269 16,930 135 2005 2021 Bayonne Crossing 41,249 47,809 43,840 — 1,008 47,809 44,848 92,657 14,203 2011 2014 Bayport Commons — 7,005 20,776 — 4,600 7,005 25,376 32,381 9,061 2008 NA Bed Bath & Beyond Plaza — 4,602 13,041 — — 4,602 13,041 17,643 202 2000 2021 Belle Isle Station — 9,130 41,145 — 6,447 9,130 47,592 56,722 14,932 2000 2015 Bridgewater Marketplace — 3,407 8,533 — 1,244 3,407 9,776 13,183 4,045 2008 NA Burlington* — — 2,773 — 29 — 2,802 2,802 2,420 1992/2000 2000 Castleton Crossing — 9,761 28,052 — 947 9,761 28,999 38,760 9,381 1975 2013 Cedar Park Town Center — 9,107 16,658 — — 9,107 16,658 25,765 205 2013 2021 Centennial Center 70,455 58,960 72,626 — 5,910 58,960 78,537 137,497 29,855 2002 2014 Centennial Gateway 23,962 5,305 48,587 — 807 5,305 49,394 54,699 14,319 2005 2014 Central Texas Marketplace — 13,339 32,784 — — 13,339 32,784 46,123 582 2004 2021 Centre at Laurel — 5,998 31,674 — — 5,998 31,674 37,672 429 2005 2021 Centre Point Commons* 14,410 2,918 22,310 — 362 2,918 22,672 25,590 6,691 2007 2014 Chantilly Crossing — 11,941 18,482 — — 11,941 18,482 30,423 257 2004 2021 Chapel Hill Shopping Center* 18,250 — 35,046 — 1,947 — 36,993 36,993 11,225 2001 2015 City Center — 20,565 179,992 — 4,762 20,565 184,754 205,319 53,930 2018 2014 Clearlake Shores Shopping Center — 3,899 6,936 — — 3,899 6,936 10,835 106 2003 2021 Coal Creek Marketplace — 4,119 12,507 — — 4,119 12,507 16,626 222 1991 2021 Cobblestone Plaza — 10,374 44,828 — 2,977 10,374 47,805 58,179 15,355 2011 NA Colleyville Downs — 5,446 38,482 — 2,507 5,446 40,989 46,435 15,202 2014 2015 Colonial Square — 7,521 18,647 — 2,202 7,521 20,849 28,370 5,786 2010 2014 Colony Square — 20,442 19,772 — — 20,442 19,772 40,214 363 1997 2021 Commons at Temecula — 18,514 41,898 — — 18,514 41,898 60,412 706 1999 2021 Cool Creek Commons — 6,062 13,408 — 4,243 6,062 17,651 23,713 7,935 2005 NA Cool Springs Market — 12,644 22,737 40 7,253 12,684 29,990 42,674 11,694 1995 2013 Coppell Town Center — 5,115 11,349 — — 5,115 11,349 16,464 189 1999 2021 Coram Plaza — 6,877 19,148 — 2 6,877 19,150 26,027 280 2004 2021 Crossing at Killingly Commons — 21,999 34,968 — 395 21,999 35,362 57,361 11,830 2010 2014 Cypress Mill Plaza — 6,378 10,003 — — 6,378 10,003 16,381 147 2004 2021 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties (continued) Davis Towne Crossing $ — $ 1,005 $ 8,858 $ — $ — $ 1,005 $ 8,858 $ 9,863 $ 123 2003 2021 Delray Marketplace 29,013 18,750 88,217 1,284 7,635 20,034 95,852 115,886 27,910 2013 NA Denton Crossing — 8,354 38,907 — — 8,354 38,907 47,261 604 2003 2021 DePauw University Bookstore & Café* — 64 663 — 45 64 708 772 464 2012 NA Downtown Crown — 25,657 73,363 — (1,057) 25,657 72,306 97,963 1,103 2014 2021 Draper Crossing — 9,054 27,229 — 985 9,054 28,214 37,268 9,462 2012 2014 Draper Peaks — 11,498 46,984 522 5,257 12,020 52,240 64,260 13,419 2012 2014 East Stone Commons* — 3,746 18,461 — — 3,746 18,461 22,207 365 2005 2021 Eastern Beltway 34,100 23,221 45,717 — 5,165 23,221 50,883 74,104 13,691 1998/2006 2014 Eastgate Crossing — 4,244 59,326 — 1,195 4,244 60,520 64,764 2,737 1958/2007 2020 Eastgate Pavilion — 8,026 18,183 — 1,592 8,026 19,774 27,800 9,306 1995 2004 Eastside — 3,302 11,941 — — 3,302 11,941 15,243 148 2008 2021 Eastwood Towne Center — 3,153 57,731 — — 3,153 57,731 60,884 946 2002 2021 Eddy Street Commons* — 1,900 36,940 — 1,241 1,900 38,181 40,081 14,960 2009 NA Edwards Multiplex — 22,692 28,305 — — 22,692 28,305 50,997 435 1997 2021 Estero Town Commons — 8,973 9,941 — 1,018 8,973 10,959 19,932 4,433 2006 NA Fairgrounds Plaza — 12,792 12,731 — — 12,792 12,731 25,523 183 2002 2021 Fishers Station — 4,008 15,607 — 217 4,008 15,824 19,832 5,940 2018 NA Fordham Place — 43,274 103,261 — 4 43,274 103,265 146,539 1,199 1920/2009 2021 Fort Evans Plaza II — 14,019 37,138 — — 14,019 37,138 51,157 562 2008 2021 Fullerton Metrocenter — 55,643 45,695 — — 55,643 45,695 101,338 755 1988 2021 Galvez Shopping Center — 509 4,957 — — 509 4,957 5,466 69 2004 2021 Gardiner Manor Mall — 28,599 25,048 — — 28,599 25,048 53,647 434 2000 2021 Gateway Pavillions — 43,615 16,881 — — 43,615 16,881 60,496 332 2003 2021 Gateway Plaza — 15,567 22,136 — — 15,567 22,136 37,703 445 2000 2021 Gateway Station — 10,614 11,213 — — 10,614 11,213 21,827 173 2003 2021 Gateway Village 30,996 33,289 31,100 — — 33,289 31,100 64,389 547 1996 2021 Geist Pavilion — 1,368 8,267 — 2,632 1,368 10,899 12,267 5,340 2006 NA Gerry Centennial Plaza — 3,452 10,483 — — 3,452 10,483 13,935 208 2006 2021 Grapevine Crossing — 7,095 12,951 — 123 7,095 13,074 20,169 208 2001 2021 Green's Corner — 4,820 10,965 — — 4,820 10,965 15,785 199 1997 2021 Greyhound Commons — 2,629 794 — 1,086 2,629 1,880 4,509 1,025 2005 NA Gurnee Town Center — 7,219 20,945 — 4 7,219 20,949 28,168 363 2000 2021 Henry Town Center — 9,372 51,111 — — 9,372 51,111 60,483 831 2002 2021 Heritage Square — 11,556 16,546 — 46 11,556 16,591 28,147 273 1985 2021 Heritage Towne Crossing — 5,811 14,560 — — 5,811 14,560 20,371 225 2002 2021 Holly Springs Towne Center — 22,324 94,493 — 6,805 22,324 101,298 123,622 23,176 2013 NA Home Depot Center* — — 20,271 — — — 20,271 20,271 317 1996 2021 Huebner Oaks — 19,327 37,386 — — 19,327 37,386 56,713 673 1996 2021 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties (continued) Humblewood Shopping Center $ — $ 3,952 $ 10,604 $ — $ 92 $ 3,952 $ 10,696 $ 14,648 $ 153 1979/2005 2021 Hunter's Creek Promenade — 8,017 12,529 179 1,192 8,196 13,720 21,916 4,239 1994 2013 Indian River Square — 4,000 6,037 1,100 2,535 5,100 8,572 13,672 3,558 1997/2004 2005 International Speedway Square — 7,157 12,864 — 7,864 7,157 20,728 27,885 12,030 1999 NA Jefferson Commons — 23,787 21,392 — 152 23,787 21,544 45,331 359 2005 2021 John's Creek Village — 7,735 35,975 — 125 7,735 36,100 43,835 514 2004 2021 King's Lake Square — 4,519 15,397 — 1,696 4,519 17,093 21,612 9,286 1986/2014 2003 Kingwood Commons — 5,715 30,598 — 234 5,715 30,832 36,547 12,487 1999 2013 La Plaza Del Norte — 18,271 34,895 — — 18,271 34,895 53,166 567 1996 2021 Lake City Commons — 4,693 12,211 — 329 4,693 12,540 17,233 4,086 2008 2014 Lake Mary Plaza — 1,413 8,664 — 231 1,413 8,895 10,308 2,321 2009 2014 Lake Worth Towne Crossing — 6,099 28,662 — — 6,099 28,662 34,761 397 2005 2021 Lakewood Towne Center — 33,903 33,072 — 5 33,903 33,077 66,980 563 2002 2021 Lincoln Park — 14,974 39,289 — — 14,974 39,289 54,263 657 1997 2021 Lincoln Plaza — 16,522 40,431 — 103 16,522 40,534 57,056 615 2001 2021 Lithia Crossing — 3,065 9,266 — 3,872 3,065 13,138 16,203 5,367 1994/2003 2011 Lowe's/Bed Bath & Beyond — 19,894 — — — 19,894 — 19,894 — 2005 2021 MacArthur Crossing — 8,193 13,864 — — 8,193 13,864 22,057 246 1995 2021 Main Street Promenade — 2,569 60,841 — 2 2,569 60,843 63,412 621 2003 2021 Manchester Meadows — 10,788 30,024 — — 10,788 30,024 40,812 575 1994 2021 Mansfield Towne Crossing — 2,983 14,033 — — 2,983 14,033 17,016 216 2003 2021 Market Street Village — 9,764 16,360 — 3,819 9,764 20,179 29,943 9,243 1970/2004 2005 Merrifield Town Center — 5,014 41,300 — — 5,014 41,300 46,314 497 2008 2021 Merrifield Town Center II — 19,852 23,453 — — 19,852 23,453 43,305 270 1972/2007 2021 Miramar Square 31,625 26,492 27,982 389 12,541 26,880 40,524 67,404 8,832 2008 2014 Mullins Crossing* — 10,582 42,103 — 6,185 10,582 48,288 58,870 15,891 2005 2014 Naperville Marketplace — 5,364 11,475 — 160 5,364 11,634 16,998 4,683 2008 NA New Forest Crossing — 7,197 10,178 — — 7,197 10,178 17,375 167 2003 2021 New Hyde Park Shopping Center — 10,888 9,895 — — 10,888 9,895 20,783 114 1964/2011 2021 Newnan Crossing — 6,872 40,106 — — 6,872 40,106 46,978 615 1999 2021 Newton Crossroads — 1,024 12,025 — — 1,024 12,025 13,049 199 1997 2021 Nora Plaza 3,578 3,790 21,293 4,996 12,299 8,786 33,593 42,379 3,648 2004 2019 North Benson Center — 16,847 10,184 — — 16,847 10,184 27,031 206 1988 2021 Northcrest Shopping Center — 4,044 33,921 — 1,108 4,044 35,030 39,074 9,465 2008 2014 Northdale Promenade — 1,718 26,309 — 274 1,718 26,583 28,301 13,558 2017 NA Northgate North 23,632 20,246 48,082 — 27 20,246 48,109 68,355 741 1999 2021 Northpointe Plaza — 16,020 34,341 — 1 16,020 34,342 50,362 641 1991 2021 Oak Brook Promenade — 6,600 49,728 — — 6,600 49,728 56,328 770 2006 2021 Oleander Place* — 847 5,781 — 285 847 6,067 6,914 2,765 2012 2011 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties (continued) One Loudoun Downtown $ — $ 74,829 $ 104,149 $ — $ 208 $ 74,829 $ 104,357 $ 179,186 $ 1,095 2013 2021 Oswego Commons — 5,479 8,914 — — 5,479 8,914 14,393 172 2002 2021 Paradise Valley Marketplace — 7,029 34,160 — — 7,029 34,160 41,189 522 2002 2021 Parkside Town Commons — 21,796 107,119 (60) 11,981 21,736 119,100 140,836 30,664 2015 N/A Parkway Towne Crossing — 15,246 28,138 — — 15,246 28,138 43,384 335 2010 2021 Pavilion at Kings Grant — 5,124 37,097 — 7 5,124 37,103 42,227 576 2002 2021 Pelham Manor Shopping Plaza* — — 30,145 — — — 30,145 30,145 405 2008 2021 Peoria Crossing — 18,961 19,215 — — 18,961 19,215 38,176 310 2002 2021 Perimeter Woods — 6,893 27,100 — 1,940 6,893 29,040 35,933 7,841 2008 2014 Pine Ridge Crossing — 5,640 16,904 — 4,178 5,640 21,081 26,721 8,888 1994 2006 Plaza at Cedar Hill — 5,782 36,445 — 12,150 5,782 48,595 54,377 24,216 2000 2004 Plaza at Marysville — 6,771 18,436 — — 6,771 18,436 25,207 308 1995 2021 Plaza Del Lago — 14,993 20,621 — — 14,993 20,621 35,614 377 1928/2019 2021 Pleasant Hill Commons — 3,350 9,030 — 437 3,350 9,467 12,817 2,564 2008 2014 Pleasant Run Towne Crossing — 4,506 23,906 — — 4,506 23,906 28,412 376 2004 2021 Portofino Shopping Center — 4,721 71,493 — 19,981 4,721 91,473 96,194 31,433 1999 2013 Publix at Woodruff — 1,783 6,259 — 869 1,783 7,128 8,911 4,070 1997 2012 Rampart Commons 8,097 1,136 42,321 — 535 1,136 42,856 43,992 13,950 2018 2014 Rangeline Crossing — 1,981 18,137 — 506 1,981 18,643 20,624 7,927 1986/2013 NA Reisterstown Road Plaza — 16,531 31,039 — 1 16,531 31,041 47,572 599 1986/2018 2021 Riverchase Plaza — 3,889 11,404 — 1,188 3,889 12,592 16,481 5,759 1991/2001 2006 Rivers Edge — 5,647 29,949 — 2,320 5,647 32,269 37,916 11,856 2011 2008 Rivery Towne Crossing — 5,198 3,459 — — 5,198 3,459 8,657 108 2005 2021 Royal Oaks Village II — 3,497 9,677 — — 3,497 9,677 13,174 136 2004 2021 Sawyer Heights Village — 18,437 21,401 — — 18,437 21,401 39,838 268 2007 2021 Saxon Crossing 11,400 3,764 16,804 — 545 3,764 17,348 21,112 5,671 2009 2014 Shoppes at Hagerstown — 6,628 16,183 — — 6,628 16,183 22,811 209 2008 2021 Shoppes at Plaza Green — 3,749 22,255 — 1,546 3,749 23,801 27,550 9,059 2000 2012 Shoppes of Eastwood — 1,688 8,959 — 710 1,688 9,670 11,358 4,172 1997 2013 Shoppes of New Hope — 2,118 9,105 — — 2,118 9,105 11,223 146 2004 2021 Shoppes of Prominence Point — 2,857 11,775 — — 2,857 11,775 14,632 182 2004 2021 Shops at Eagle Creek — 2,121 7,696 — 5,346 2,121 13,042 15,163 6,162 1998 2003 Shops at Forest Commons — 1,558 9,389 — — 1,558 9,389 10,947 144 2002 2021 Shops at Julington Creek 4,785 2,372 7,300 — 260 2,372 7,561 9,933 1,787 2011 2014 Shops at Moore 21,300 6,284 23,773 — 1,438 6,284 25,211 31,495 6,322 2010 2014 Shops at Park Place — 8,152 18,967 — — 8,152 18,967 27,119 310 2001 2021 Silver Springs Pointe — 7,580 4,992 — 311 7,580 5,303 12,883 1,865 2001 2014 Southlake Corners — 7,872 17,171 — — 7,872 17,171 25,043 266 2004 2021 Southlake Town Square — 19,757 338,690 — 164 19,757 338,854 358,611 4,124 1998 2021 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties (continued) Stilesboro Oaks $ — $ 3,728 $ 9,933 $ — $ — $ 3,728 $ 9,933 $ 13,661 $ 192 1997 2021 Stonebridge Plaza — 1,874 7,970 — — 1,874 7,970 9,844 128 1997 2021 Stoney Creek Commons — 628 3,700 — 5,913 628 9,613 10,241 4,598 2000 NA Sunland Towne Centre — 14,774 21,775 — 3,559 14,774 25,334 40,108 12,179 1996 2004 Tacoma South — 30,658 3,160 — — 30,658 3,160 33,818 33 1984 2021 Target South Center — 2,611 9,545 — — 2,611 9,545 12,156 160 1999 2021 Tarpon Bay Plaza — 3,855 23,369 — 3,601 3,855 26,970 30,825 9,152 2007 NA The Brickyard — 28,948 22,537 — — 28,948 22,537 51,485 355 1977/2004 2021 The Corner 14,750 3,772 24,351 — 30 3,772 24,381 28,153 6,435 2008 2014 The Shoppes at Union Hill 10,988 10,021 46,599 — 5 10,021 46,604 56,625 669 2003 2021 The Shops at Legacy — 15,062 126,169 — 7 15,062 126,176 141,238 1,994 2002 2021 Tollgate Marketplace — 11,824 67,349 — — 11,824 67,349 79,173 1,115 1979/1994 2021 Toringdon Market — 5,448 9,539 — 164 5,448 9,703 15,151 3,180 2004 2013 Towson Square — 1,403 27,373 — — 1,403 27,373 28,776 326 2014 2021 Traders Point — 11,819 42,941 — 2,480 11,819 45,421 57,240 24,685 2005 NA Tradition Village Center — 3,140 14,840 — 841 3,140 15,682 18,822 4,627 2006 2014 Tysons Corner — 13,177 10,883 — — 13,177 10,883 24,060 113 1980/2013 2021 Village Shoppes at Simonton — 1,632 10,086 — — 1,632 10,086 11,718 155 2004 2021 Walter's Crossing — 13,098 20,328 — 47 13,098 20,374 33,472 288 2005 2021 Watauga Pavilion — 5,559 24,166 — — 5,559 24,166 29,725 348 2003 2021 Waterford Lakes Village — 2,317 6,388 — 918 2,317 7,306 9,623 3,370 1997 2004 Waxahachie Crossing — 1,411 15,451 — (46) 1,411 15,405 16,816 3,689 2010 2014 Winchester Commons — 2,135 9,366 — — 2,135 9,366 11,501 168 1999 2021 Woodinville Plaza — 25,020 26,521 — — 25,020 26,521 51,541 464 1981 2021 Total Operating Properties 392,590 1,811,198 4,964,973 8,448 221,867 1,819,646 5,186,840 7,006,486 795,510 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Office and Other Properties Thirty South Meridian $ — $ 1,643 $ 9,669 $ — $ 22,234 $ 1,643 $ 31,903 $ 33,546 $ 15,858 1905/2002 2001 Pan Am Plaza Garage — — 29,536 — 276 — 29,813 29,813 11,981 1986 2019 Union Station Parking Garage — 904 2,650 — 2,086 904 4,736 5,640 2,214 1986 2001 Total Office Properties — 2,547 41,856 — 24,596 2,547 66,452 68,999 30,053 Development and Redevelopment Projects Carillon — 70,750 253 — 2,383 70,750 2,637 73,387 — 2004 2021 Circle East — 6,110 36,220 — 569 6,110 36,789 42,899 261 1998 2021 Eddy Street Commons – Phase II* — 2,599 13,739 — — 2,599 13,739 16,337 811 N/A N/A Glendale Town Center — 1,494 44,005 (187) 16,767 1,307 60,772 62,079 33,827 N/A N/A Hamilton Crossing Centre — 5,549 11,250 (19) — 5,531 11,250 16,781 4,680 N/A N/A One Loudoun – Residential & Commercial — 70,000 121,327 — 1,910 70,000 123,237 193,237 404 N/A 2021 Shoppes at Quarterfield — 2,190 9,472 — 876 2,190 10,348 12,538 184 1999 2021 The Landing at Tradition — 18,505 46,105 — 5,781 18,505 51,886 70,391 12,861 2007 2014 Total Development and Redevelopment Projects — 177,197 282,370 (206) 28,287 176,991 310,657 487,648 53,029 Other ** Bridgewater Marketplace — 1,103 — — — 1,103 — 1,103 — N/A N/A KRG Development — — 796 — — — 796 796 715 N/A N/A KRG New Hill — 1,824 — — — 1,824 — 1,824 — N/A N/A KRG Peakway — 3,833 — — — 3,833 — 3,833 — N/A N/A Pan Am Plaza — 14,044 — — — 14,044 — 14,044 — N/A N/A Total Other — 20,805 796 — — 20,805 796 21,601 715 Line of credit/Term loans/Unsecured notes 2,699,635 — — — — — — — — N/A N/A Grand Total $ 3,092,225 $ 2,011,747 $ 5,289,995 $ 8,242 $ 274,750 $ 2,019,989 $ 5,564,746 $ 7,584,735 $ 879,306 * This property or a portion of the property is subject to a ground lease for the land. ** This category generally includes land held for development. We also have certain additional land parcels at our development and operating properties, which amounts are included elsewhere in this table. The changes in investment properties of the Company for the years ended December 31, 2021, 2020, and 2019 are as follows: 2021 2020 2019 Balance, beginning of year $ 3,136,982 $ 3,079,616 $ 3,633,376 Acquisitions related to the Merger 4,440,768 — — Acquisitions 15,263 63,570 57,494 Improvements 54,323 39,544 52,713 Impairment — — (56,948) Disposals (62,601) (45,748) (607,019) Balance, end of year $ 7,584,735 $ 3,136,982 $ 3,079,616 The unaudited aggregate cost of investment properties for U.S. federal tax purposes as of December 31, 2021 was $7.8 billion. The changes in accumulated depreciation of the Company for the years ended December 31, 2021, 2020, and 2019 are as follows: 2021 2020 2019 Balance, beginning of year $ 750,119 $ 661,546 $ 695,012 Depreciation expense 154,519 113,973 117,216 Impairment — — (19,226) Disposals (25,332) (25,400) (131,456) Balance, end of year $ 879,306 $ 750,119 $ 661,546 Depreciation of investment properties reflected in the consolidated statements of operations and comprehensive income is calculated over the estimated original lives of the assets as follows: Buildings 20–35 years Building improvements 10–35 years Tenant improvements Term of related lease Furniture and Fixtures 5–10 years All other schedules have been omitted because they are inapplicable, not required or the information is included elsewhere in the consolidated financial statements or notes thereto.

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Consolidation and Investments in Joint Ventures	Consolidation and Investments in Joint Ventures The accompanying financial statements are presented on a consolidated basis and include all accounts of the Parent Company, the Operating Partnership, the taxable REIT subsidiaries (“TRSs”) of the Operating Partnership, subsidiaries of the Operating Partnership that are controlled and any variable interest entities (“VIEs”) in which the Operating Partnership is the primary beneficiary. In general, a VIE is a corporation, partnership, trust or any other legal structure used for business purposes that either (a) has equity investors that do not provide sufficient financial resources for the entity to support its activities, (b) does not have equity investors with voting rights, or (c) has equity investors whose votes are disproportionate from their economics and substantially all of the activities are conducted on behalf of the investor with disproportionately fewer voting rights. The Operating Partnership accounts for properties that are owned by joint ventures in accordance with the consolidation guidance. The Operating Partnership evaluates each joint venture and determines first whether to follow the VIE or the voting interest entity (“VOE”) model. Once the appropriate consolidation model is identified, the Operating Partnership then evaluates whether it should consolidate the joint venture. Under the VIE model, the Operating Partnership consolidates an entity when it has (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. Under the VOE model, the Operating Partnership consolidates an entity when (i) it controls the entity through ownership of a majority voting interest if the entity is not a limited partnership or (ii) it controls the entity through its ability to remove the other partners or owners in the entity, at its discretion, when the entity is a limited partnership. In determining whether to consolidate a VIE with the Operating Partnership, we consider all relationships between the Operating Partnership and the applicable VIE, including development agreements, management agreements and other contractual arrangements, in determining whether we have the power to direct the activities of the VIE that most significantly affect the VIE’s performance. As of December 31, 2021, we owned investments in three consolidated joint ventures that were VIEs in which the partners did not have substantive participating rights and we were the primary beneficiary. As of December 31, 2021, these consolidated VIEs had mortgage debt of $29.0 million, which were secured by assets of the VIEs totaling $117.0 million. The Operating Partnership guarantees the mortgage debt of these VIEs. The Operating Partnership is considered a VIE as the limited partners do not hold kick-out rights or substantive participating rights. The Parent Company consolidates the Operating Partnership as it is the primary beneficiary in accordance with the VIE model.
Acquisition of Real Estate Properties	Acquisition of Real Estate Properties Upon acquisition of real estate operating properties, including those assets acquired in the Merger with RPAI, we estimate the fair value of acquired identifiable tangible assets and identified intangible assets and liabilities, assumed debt, and any noncontrolling interest in the acquiree at the date of acquisition, based on evaluation of information and estimates available at that date. Based on these estimates, we record the estimated fair value to the applicable assets and liabilities. In making estimates of fair values, a number of sources are utilized, including information obtained as a result of pre-acquisition due diligence, marketing and leasing activities. The estimates of fair value were determined to have primarily relied upon Level 2 and Level 3 inputs, as defined below. Fair value is determined for tangible assets and intangibles, including: • the fair value of the building on an as-if-vacant basis and the fair value of land determined either by comparable market data, real estate tax assessments, independent appraisals or other relevant data; • above-market and below-market in-place lease values for acquired properties, which are based on the present value (using an interest rate that reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management’s estimate of fair market lease rates for the corresponding in-place leases, measured over the remaining non-cancelable term of the leases. Any below-market renewal options are also considered in the in-place lease values. The capitalized above-market and below-market lease values are amortized as a reduction of or addition to rental income over the term of the lease. Should a tenant vacate, terminate its lease, or otherwise notify us of its intent to do so, the unamortized portion of the lease intangibles would be charged or credited to income; • the value of having a lease in place at the acquisition date. We utilize independent and internal sources for our estimates to determine the respective in-place lease values. Our estimates of value are made using methods similar to those used by independent appraisers. Factors we consider in our analysis include an estimate of costs to execute similar leases including tenant improvements, leasing commissions and foregone costs and rent received during the estimated lease-up period as if the space was vacant. The value of in-place leases is amortized to expense over the remaining initial terms of the respective leases; and • the fair value of any assumed financing that is determined to be above or below market terms. We utilize third party and independent sources for our estimates to determine the respective fair value of each mortgage and other indebtedness, including related derivative instruments, assumed. The fair market value of each is amortized to interest expense over the remaining initial terms of the respective instrument. We also consider whether there is any value to in-place leases that have a related customer relationship intangible value. Characteristics we consider in determining these values include the nature and extent of existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant’s credit quality, and expectations of lease renewals, among other factors. To date, no tenant relationship has been developed that is considered to have a current intangible value.
Investment Properties	Investment Properties Capitalization and Depreciation Investment properties are recorded at cost and include costs of land acquisition, development, pre-development, construction, certain allocated overhead, tenant allowances and improvements, and interest and real estate taxes incurred during construction. Significant renovations and improvements are capitalized when they extend the useful life, increase capacity, or improve the efficiency of the asset. If a tenant vacates a space prior to the lease expiration, terminates its lease, or otherwise notifies the Company of its intent to do so, any related unamortized tenant allowances are expensed over the shortened lease period. Maintenance and repairs that do not extend the useful lives of the respective assets are reflected in property operating expense in the accompanying consolidated statements of operations and comprehensive income. Pre-development costs are incurred prior to vertical construction and for certain land held for development during the due diligence phase and include contract deposits, legal, engineering, cost of internal resources and other professional fees related to evaluating the feasibility of developing or redeveloping a shopping center or other project. These pre-development costs are capitalized and included in construction in progress in the accompanying consolidated balance sheets. If we determine that the completion of a development project is no longer probable, all previously incurred pre-development costs are immediately expensed. Land is transferred to construction in progress once construction commences on the related project. We also capitalize costs such as land acquisition, building construction, interest, real estate taxes, and the costs of personnel directly involved with the development of our properties. As a portion of a development project becomes operational, we expense a pro rata amount of related costs. Depreciation on buildings and improvements is computed using the straight-line method over estimated original useful lives ranging from 10 to 35 years. Depreciation on tenant allowances and tenant improvements is computed using the straight-line method over the term of the related lease. Depreciation on equipment and fixtures is computed using the straight-line method over five
Impairment	Impairment Management reviews operational and development projects, land parcels and intangible assets for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. This review for possible impairment requires certain assumptions, estimates, and significant judgment. Examples of situations considered to be impairment indicators for both operating properties and development projects include, but are not limited to: • a substantial decline in or continued low occupancy rate or cash flow; • expected significant declines in occupancy in the near future; • continued difficulty in leasing space; • a significant concentration of financially troubled tenants; • a reduction in anticipated holding period; • a cost accumulation or delay in project completion date significantly above and beyond the original development or redevelopment estimate; • a significant decrease in market price not in line with general market trends; and • any other quantitative or qualitative events or factors deemed significant by the Company’s management or Board of Trustees. Impairment losses for investment properties and intangible assets are measured when the undiscounted cash flows estimated to be generated by the investment properties during the expected holding period are less than the carrying amounts of those assets. The evaluation of impairment is subject to certain management assumptions including projected net operating income, anticipated hold period, expected capital expenditures and the capitalization rate used to estimate the property’s residual value. Impairment losses are recorded as the excess of the carrying value over the estimated fair value of the asset. Our impairment review for land and development properties assumes we have the intent and ability to complete the developments or projected uses for the land parcels. If we determine those plans will not be completed or our assumptions with respect to operating assets are not realized, an impairment loss may be appropriate.
Assets Held for Sale	Assets Held for Sale Operating properties will be classified as held for sale only when those properties are available for immediate sale in their present condition and for which management believes it is probable that a sale of the property will be completed within one year, among other factors. Operating properties classified as held for sale are carried at the lower of cost or fair value less estimated costs to sell. Depreciation and amortization are suspended during the held-for-sale period. No properties qualified for held for sale accounting treatment as of December 31, 2021 and 2020.
Restricted Cash and Escrow Deposits	Restricted Cash and Escrow Deposits Escrow deposits consist of cash held for real estate taxes, property maintenance, insurance and other requirements at specific properties as required by lending institutions, certain municipalities or other agreements.
Cash and Cash Equivalents	Cash and Cash Equivalents We consider all highly liquid investments purchased with an original maturity of 90 days or less to be cash and cash equivalents. From time to time, such investments may temporarily be held in accounts that are in excess of FDIC and SIPC insurance limits; however, the Company attempts to limit its exposure at any one time.
Short-Term Deposits	Short-Term Deposits The Company has a short-term deposit held in a custody account at Bank of New York Mellon. The primary objective of management’s short-term deposit activity is to preserve capital for the purpose of funding debt maturities in 2022. The deposit balance approximates fair value and earns interest at a rate of the Federal Funds Rate plus 43 basis points with a maturity date of April 7, 2022. Interest income on the deposit is recorded within “Other income (expense), net” on the accompanying consolidated statements of operations and comprehensive income. The deposit is backed by a pool of marketable securities and a guarantee of principal by Goldman Sachs Group, Inc.
Fair Value Measurements	Fair Value Measurements We follow the framework established under Financial Accounting Standards Board (“FASB”) ASC 820, Fair Value Measurements and Disclosures, for measuring fair value of non-financial assets and liabilities that are not required or permitted to be measured at fair value on a recurring basis but only in certain circumstances, such as a business combination or upon determination of an impairment. Assets and liabilities recorded at fair value on the consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows: • Level 1 fair value inputs are quoted prices in active markets for identical instruments to which we have access. • Level 2 fair value inputs are inputs other than quoted prices included in Level 1 that are observable for similar instruments, either directly or indirectly, and appropriately consider counterparty creditworthiness in the valuations. • Level 3 fair value inputs reflect our best estimate of inputs and assumptions market participants would use in pricing an instrument at the measurement date. The inputs are unobservable in the market and significant to the valuation estimate. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. As discussed in Note 9 to the consolidated financial statements, we have determined that derivative valuations are classified in Level 2 of the fair value hierarchy. Note 8 to the consolidated financial statements includes a discussion of the estimated fair value of fixed and variable rate debt, which are estimated using Level 2 and 3 inputs. Note 3 to the consolidated financial statements includes a discussion of the fair values recorded for the assets acquired in the Merger with RPAI in 2021. Level 3 inputs to this transaction include our estimations of land, net rental rates of anchor and small shop space and capitalization rates. Note 4 to the consolidated financial statements includes a discussion of the fair values recorded when we recognized impairment charges in 2019. Level 3 inputs to these transactions include our estimations of disposal values. Cash and cash equivalents, accounts receivable, escrows and deposits, and other working capital balances approximate fair value.
Derivative Financial Instruments	Derivative Financial Instruments The Company accounts for its derivative financial instruments at fair value calculated in accordance with ASC 820, Fair Value Measurements and Disclosures . Gains or losses resulting from changes in the fair values of those derivatives are accounted for depending on the use of the derivative and whether it qualifies for hedge accounting. We use derivative instruments such as interest rate swaps or rate locks to mitigate interest rate risk on related financial instruments. Changes in the fair values of derivatives that qualify as cash flow hedges are recognized in other comprehensive income (“OCI”) while any ineffective portion of a derivative’s change in fair value is recognized immediately in earnings. Gains and losses associated with the transaction are recorded in OCI and amortized over the underlying term of the hedged transaction. For derivative contracts designated as fair value hedges, the gain or loss on the derivative is included within “Mortgage and other indebtedness, net” in the accompanying consolidated balance sheets. We include the gain or loss on the hedged item in the same account as the offsetting gain or loss on the related derivative contract. As of December 31, 2021 and 2020, all of our derivative instruments qualify for hedge accounting.
Revenue Recognition	Revenue Recognition As a lessor of real estate assets, the Company retains substantially all of the risks and benefits of ownership and accounts for its leases as operating leases. Contractual minimum base rent, percentage rent, and expense reimbursements from tenants for common area maintenance costs, insurance and real estate taxes are our principal sources of revenue. Base minimum rents are recognized on a straight-line basis over the terms of the respective leases. Certain lease agreements contain provisions that grant additional rents based on a tenant’s sales volume (contingent overage rent). Overage rent is recognized when tenants achieve the specified sales targets as defined in their lease agreements. Overage rent is included within “Rental income” in the accompanying consolidated statements of operations and comprehensive income for the years ended December 31, 2021, 2020 and 2019. If we determine that collectibility is probable, we recognize income from rentals based on the methodology described above. We have accounts receivable due from tenants and are subject to the risk of tenant defaults and bankruptcies that may affect the collection of outstanding receivables. These receivables are reduced for credit loss that is recognized as a reduction to rental income. We regularly evaluate the collectibility of these lease-related receivables by analyzing past due account balances and consider such facts as the credit quality of our customer, historical write-off experience and current economic trends when evaluating the collectibility of rental income. Although we estimate uncollectible receivables and provide for them through charges against income, actual experience may differ from those estimates.
Tenant and Other Receivables and Allowance for Uncollectible Accounts	Tenant and Other Receivables and Allowance for Uncollectible Accounts Tenant receivables consist primarily of billed minimum rent, accrued and billed tenant reimbursements, and accrued straight-line rent. The Company generally does not require specific collateral from its tenants other than corporate or personal guarantees. Other receivables consist primarily of amounts due from municipalities and from tenants for non-rental revenue related activities. An allowance for uncollectible accounts is maintained for estimated losses resulting from the inability of certain tenants or others to meet contractual obligations under their lease or other agreements. Accounts are written off when, in the opinion of management, the balance is uncollectible.
Concentration of Credit Risk	Concentration of Credit Risk We may be subject to concentrations of credit risk with regards to our cash and cash equivalents. We place cash and temporary cash investments with high-credit-quality financial institutions. From time to time, such cash and investments may temporarily be in excess of insurance limits. In addition, our leases with tenants potentially subject us to a concentration of credit risk related to our accounts receivable and revenue.
Earnings Per Share	Earnings Per Share Basic earnings per share or unit is calculated based on the weighted average number of common shares or units outstanding during the period. Diluted earnings per share or unit is determined based on the weighted average number of common shares or units outstanding during the period combined with the incremental average common shares or units that would have been outstanding assuming the conversion of all potentially dilutive common shares or units into common shares or units as of the earliest date possible.
Segment Reporting	Segment Reporting Our primary business is the ownership and operation of high-quality, open-air shopping centers and mixed-use assets. The Company’s chief operating decision maker, which is its Chief Executive Officer, does not distinguish or group our
Income Taxes and REIT Compliance	Income Taxes and REIT Compliance Parent Company The Parent Company has been organized and operated, and intends to continue to operate, in a manner that will enable it to maintain its qualification as a REIT for U.S. federal income tax purposes. As a result, it generally will not be subject to U.S. federal income tax on the earnings that it distributes to the extent it distributes its “REIT taxable income” (determined before the deduction for dividends paid and excluding net capital gains) to shareholders of the Parent Company and meets certain other requirements on a recurring basis. To the extent that it satisfies this distribution requirement, but distributes less than 100% of its taxable income, it will be subject to U.S. federal corporate income tax on its undistributed REIT taxable income. REITs are subject to a number of organizational and operational requirements. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal income tax on its taxable income at regular corporate rates for a period of four years following the year in which qualification is lost. We may also be subject to certain U.S. federal, state and local taxes on our income and property and to U.S. federal income and excise taxes on our undistributed taxable income even if the Parent Company does qualify as a REIT. The Operating Partnership intends to continue to make distributions to the Parent Company in amounts sufficient to assist the Parent Company in adhering to REIT requirements and maintaining its REIT status. We have elected to treat Kite Realty Holdings, LLC as a TRS of the Operating Partnership. In addition, in connection with the Merger, we assumed RPAI’s existing TRS, IWR Protective Corporation, as a TRS of the Operating Partnership and we may elect to treat other subsidiaries as TRSs in the future. This election enables us to receive income and provide services that would otherwise be impermissible for a REIT. Deferred tax assets and liabilities are established for temporary differences between the financial reporting bases and the tax bases of assets and liabilities at the tax rates expected to be in effect when the temporary differences reverse. Deferred tax assets are reduced by a valuation allowance if it is more likely than not that some portion or all of the deferred tax asset will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest related to unrecognized tax benefits within “Interest expense” and penalties within “General, administrative and other” expenses in the accompanying consolidated statements of operations and comprehensive income. On March 27, 2020 and December 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and the Consolidated Appropriations Act, 2021 (“CAA”), respectively, were enacted into law. Among other provisions, the CARES Act and the CAA provide relief to U.S. federal corporate taxpayers through temporary adjustments to net operating loss rules, changes to limitations on interest expense deductibility, and the acceleration of available refunds for minimum tax credit carryforwards. The CARES Act and the CAA did not have a material effect on the Company’s consolidated financial statements. Our tax return for the year ended December 31, 2021 has not been filed as of the filing date of this Form 10-K of the Parent Company and the Operating Partnership. The taxability information presented for our dividends paid in 2021 is based upon management’s estimate. Consequently, the taxability of dividends is subject to change. A summary of the tax characterization of the dividends paid by the Parent Company for the years ended December 31, 2021, 2020, and 2019 is as follows: 2021 2020 2019 Ordinary income 0.0 % 89.3 % 29.7 % Return of capital 13.4 % 0.0 % 35.2 % Capital gains 86.6 % 10.7 % 35.1 % Balance, end of year 100.0 % 100.0 % 100.0 % Operating Partnership The allocated share of income and loss, other than the operations of our TRSs, is included in the income tax returns of the Operating Partnership’s partners. Accordingly, the only U.S. federal income taxes included in the accompanying consolidated financial statements are in connection with the TRSs.
Noncontrolling Interests	Noncontrolling Interests We report the non-redeemable noncontrolling interests in subsidiaries as equity, and the amount of consolidated net income attributable to these noncontrolling interests is set forth separately in the consolidated financial statements. The non-redeemable noncontrolling interests in consolidated properties for the years ended December 31, 2021, 2020, and 2019 were as follows: ($ in thousands) 2021 2020 2019 Noncontrolling interests balance at January 1, $ 698 $ 698 $ 698 Noncontrolling interests acquired in the Merger 4,463 — — Net income allocable to noncontrolling interests, (15) — — Distributions to noncontrolling interests — — — Noncontrolling interests balance at December 31, $ 5,146 $ 698 $ 698 Noncontrolling Interests – Joint Venture Prior to the Merger with RPAI, RPAI entered into a joint venture related to the development, ownership and operation of the multifamily rental portion of the expansion project at One Loudoun Downtown – Pads G & H. The Company owns 90% of the joint venture. Subsequent to the Merger, during the period ended December 31, 2021, the Company funded $0.4 million of the partner’s development costs related to One Loudoun Downtown – Pads G & H through a loan provided by the Company to the joint venture. The loan is secured by the joint venture project, is required to be repaid subsequent to the completion of construction and stabilization of the project and is eliminated upon consolidation. Under terms defined in the joint venture agreement, after construction completion and stabilization of the development project, the Company has the ability to call, and the joint venture partner has the ability to put to the Company, subject to certain conditions, the joint venture partner’s interest in the joint venture at fair value. The joint venture is considered a VIE primarily because the Company’s joint venture partner does not have substantive kick-out rights or substantive participating rights. The Company is considered the primary beneficiary as it has a controlling financial interest in the joint venture. As such, the Company has consolidated this joint venture and presented the joint venture partners’ interests as noncontrolling interests. Redeemable Noncontrolling Interests – Limited Partners Limited Partner Units are redeemable noncontrolling interests in the Operating Partnership. We classify redeemable noncontrolling interests in the Operating Partnership in the accompanying consolidated balance sheets outside of permanent equity because we may be required to pay cash to holders of Limited Partner Units upon redemption of their interests in the Operating Partnership or deliver registered shares upon their conversion. The carrying amount of the redeemable noncontrolling interests in the Operating Partnership is reflected at the greater of historical book value or redemption value with a corresponding adjustment to additional paid-in capital. At December 31, 2021, the redemption value of the redeemable noncontrolling interests in the Operating Partnership exceeded the historical book value, and the balance was accordingly adjusted to redemption value. At December 31, 2020, the redemption value of the redeemable noncontrolling interests in the Operating Partnership did not exceed the historical book value, and the balance was accordingly adjusted to historical book value. We allocate net operating results of the Operating Partnership after noncontrolling interests in the consolidated properties based on the partners’ respective weighted average ownership interest. We adjust the redeemable noncontrolling interests in the Operating Partnership at the end of each reporting period to reflect their interests in the Operating Partnership or redemption value. This adjustment is reflected in our shareholders’ and Parent Company’s equity. For the years ended December 31, 2021, 2020, and 2019, the weighted average interests of the Parent Company and the limited partners in the Operating Partnership were as follows: Year Ended December 31, 2021 2020 2019 Parent Company’s weighted average interest in Operating Partnership 97.8 % 97.4 % 97.6 % Limited partners’ weighted average interests in Operating Partnership 2.2 % 2.6 % 2.4 % At December 31, 2021, the Parent Company’s interest and the limited partners’ redeemable noncontrolling ownership interests in the Operating Partnership were 98.9% and 1.1%. At December 31, 2020, the Parent Company’s interest and the limited partners’ redeemable noncontrolling ownership interests in the Operating Partnership were 97.1% and 2.9%. Concurrent with the Parent Company’s initial public offering and related formation transactions, certain individuals received Limited Partner Units of the Operating Partnership in exchange for their interests in certain properties. The limited partners have the right to redeem Limited Partner Units for cash or, at the Parent Company’s election, common shares of the Parent Company in an amount equal to the market value of an equivalent number of common shares of the Parent Company at the time of redemption. Such common shares must be registered, which is not fully in the Parent Company’s control. Therefore, the limited partners’ interest is not reflected in permanent equity. The Parent Company also has the right to redeem the Limited Partner Units directly from the limited partner in exchange for either cash in the amount specified above or a number of its common shares equal to the number of Limited Partner Units being redeemed. There were 2,377,777 and 2,532,861 Limited Partner Units outstanding as of December 31, 2021 and 2020, respectively. The decrease in Limited Partner Units outstanding from December 31, 2020 is due to conversions offset by non-cash compensation awards made to our executive officers in the form of Limited Partner Units. Redeemable Noncontrolling Interests – Subsidiaries Prior to the merger with Inland Diversified Real Estate Trust, Inc. (“Inland Diversified”) in 2014, Inland Diversified formed joint ventures with the previous owners of certain properties and issued Class B units in three joint ventures that indirectly own those properties. The Class B units related to one of these three joint ventures remain outstanding and are accounted for as noncontrolling interests in the remaining venture. The remaining Class B units will become redeemable at the respective partner’s election in October 2022 and the fulfillment of certain redemption criteria. Beginning in November 2022, the Class B units can be redeemed at the election of either our partner or us for cash or Limited Partner Units in the Operating Partnership. The Class B units do not have a maturity date and none are mandatorily redeemable unless either party has elected for the units to be redeemed. We consolidate this joint venture because we control the decision making and our joint venture partner has limited protective rights. We classify the redeemable noncontrolling interests related to the remaining Class B units in the accompanying consolidated balance sheets outside of permanent equity because, under certain circumstances, we may be required to pay cash to Class B unitholders in this subsidiary upon redemption of their interests. The carrying amount of these redeemable noncontrolling interests is required to be reflected at the greater of initial book value or redemption value with a corresponding adjustment to additional paid-in capital. As of December 31, 2021 and 2020, the redemption amounts of these interests did not exceed their fair value nor did they exceed the initial book value. The redeemable noncontrolling interests in the Operating Partnership and subsidiaries for the years ended December 31, 2021, 2020, and 2019 were as follows: ($ in thousands) 2021 2020 2019 Redeemable noncontrolling interests balance at January 1, $ 43,275 $ 52,574 $ 45,743 Net (loss) income allocable to redeemable noncontrolling interests (901) 100 532 Distributions declared to redeemable noncontrolling interests (2,208) (1,533) (3,191) Other, net including adjustments to redemption value 15,007 (7,866) 9,490 Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at December 31, $ 55,173 $ 43,275 $ 52,574 Limited partners' interests in Operating Partnership $ 45,103 $ 33,205 $ 42,504 Other redeemable noncontrolling interests in certain subsidiaries 10,070 10,070 10,070 Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at December 31, $ 55,173 $ 43,275 $ 52,574
Effects of Accounting Pronouncements	Effects of Accounting Pronouncements Debt with Conversion Options We elected to early adopt ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40) , as of January 1, 2021. This new guidance, among other things, simplifies the accounting for convertible instruments by eliminating the requirement to separate conversion features from the host contract. Consequently, a convertible debt instrument will be accounted for as a single liability measured at its amortized cost. The guidance also eliminates the beneficial conversion and cash conversion accounting models for convertible instruments. The adoption of this pronouncement resulted in the March 2021 exchangeable notes being recorded as a single liability with no portion of the proceeds from the issuance of the exchangeable debt instrument recorded as attributable to the conversion feature. See Note 8 to the consolidated financial statements for additional information. Reference Rate Reform In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848) , which contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. In March 2020, the Company elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. The Company continues to evaluate the impact of the guidance and may apply other elections as applicable as additional changes in the market occur. Leases In April 2020, the FASB issued a question-and-answer document focused on the application of lease accounting guidance to lease concessions provided as a result of COVID-19. Under ASC 842, Leases , the Company would have to evaluate, on a lease-by-lease basis, if a lease concession was the result of a new arrangement reached with the tenant or if a lease concession was under the enforceable rights and obligations within the existing lease agreement. The FASB clarified that entities may elect to not evaluate whether lease-related relief that lessors provide to mitigate the economic effects of COVID-19 is a lease modification. The Company made this election to evaluate COVID-related lease modifications on a disaggregated basis, with such election applied consistently to leases with similar characteristics and similar circumstances. The Company entered into rent deferral agreements during the year ended December 31, 2020 that provided for legally due rent to be paid back over a period of time, typically 12 to 18 months. The Company had deferred the payment by tenants of $2.9 million and $6.1 million of contractually due rental income that remains outstanding as of December 31, 2021 and 2020, respectively. The future impact of such modifications is dependent upon the extent of lease concessions granted to tenants as a result of COVID-19 in future periods and the elections made by the Company at the time of entering into such concessions. There was not a material amount of rent abatement provided to tenants as a result of COVID-19 during 2021 and 2020.

BASIS OF PRESENTATION AND SUM_3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Schedule of Real Estate Properties	The composition of the Company’s investment properties as of December 31, 2021 and 2020 were as follows: Balance at December 31, ($ in thousands) 2021 2020 Land, building and improvements $ 7,543,376 $ 3,109,122 Furniture, equipment and other 7,612 6,979 Construction in progress 41,360 27,860 Investment properties, at cost $ 7,592,348 $ 3,143,961
Summary of Cash, Cash Equivalents, and Restricted Cash	The following is a summary of our total cash, cash equivalents, and restricted cash as presented in our consolidated statements of cash flows for the years ended December 31, 2021, 2020, and 2019: (in thousands) 2021 2020 2019 Cash and cash equivalents $ 93,241 $ 43,648 $ 31,336 Restricted cash and escrow deposits 7,122 2,938 21,477 Total cash, cash equivalents, and restricted cash $ 100,363 $ 46,586 $ 52,813
Schedule of Concentration by Risk Factor	For the year ended December 31, 2021, the Company’s revenue recognized from tenants leasing space in the states where the majority of our portfolio is concentrated, Texas, Florida, New York, Maryland, and North Carolina, were as follows: Texas 24.0 % Florida 9.9 % New York 5.8 % Maryland 5.8 % North Carolina 5.1 %
Schedule of Tax Characterization of Dividends Paid	A summary of the tax characterization of the dividends paid by the Parent Company for the years ended December 31, 2021, 2020, and 2019 is as follows: 2021 2020 2019 Ordinary income 0.0 % 89.3 % 29.7 % Return of capital 13.4 % 0.0 % 35.2 % Capital gains 86.6 % 10.7 % 35.1 % Balance, end of year 100.0 % 100.0 % 100.0 %
Schedule of Stockholders Equity	The non-redeemable noncontrolling interests in consolidated properties for the years ended December 31, 2021, 2020, and 2019 were as follows: ($ in thousands) 2021 2020 2019 Noncontrolling interests balance at January 1, $ 698 $ 698 $ 698 Noncontrolling interests acquired in the Merger 4,463 — — Net income allocable to noncontrolling interests, (15) — — Distributions to noncontrolling interests — — — Noncontrolling interests balance at December 31, $ 5,146 $ 698 $ 698
Schedule of ownership interests of the Parent Company and limited partners	For the years ended December 31, 2021, 2020, and 2019, the weighted average interests of the Parent Company and the limited partners in the Operating Partnership were as follows: Year Ended December 31, 2021 2020 2019 Parent Company’s weighted average interest in Operating Partnership 97.8 % 97.4 % 97.6 % Limited partners’ weighted average interests in Operating Partnership 2.2 % 2.6 % 2.4 %
Redeemable Noncontrolling Interest	The redeemable noncontrolling interests in the Operating Partnership and subsidiaries for the years ended December 31, 2021, 2020, and 2019 were as follows: ($ in thousands) 2021 2020 2019 Redeemable noncontrolling interests balance at January 1, $ 43,275 $ 52,574 $ 45,743 Net (loss) income allocable to redeemable noncontrolling interests (901) 100 532 Distributions declared to redeemable noncontrolling interests (2,208) (1,533) (3,191) Other, net including adjustments to redemption value 15,007 (7,866) 9,490 Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at December 31, $ 55,173 $ 43,275 $ 52,574 Limited partners' interests in Operating Partnership $ 45,103 $ 33,205 $ 42,504 Other redeemable noncontrolling interests in certain subsidiaries 10,070 10,070 10,070 Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at December 31, $ 55,173 $ 43,275 $ 52,574

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule of Conversion of Acquired Shares	The number of RPAI common stock outstanding as of October 21, 2021 converted to shares of the Company’s common stock was determined as follows: RPAI common stock outstanding as of October 21, 2021 214,797,869 Exchange ratio 0.623 Company common shares issued for outstanding RPAI common stock 133,814,066 Company common shares issued for RPAI restricted stock units 1,117,399 Total Company common shares issued 134,931,465
Schedule of Purchase Price and Total Value of Equity Considerations Paid	The following table presents the purchase price and total value of equity consideration paid by the Company at the close of the Merger (in thousands except the share price of Company common shares): Price of Equity Total Value of Stock Consideration 1 As of October 21, 2021 $ 21.18 134,931 $ 2,847,369 1 The total value of stock consideration is the total of the common shares issued multiplied by the closing price of the Company’s common stock on October 21, 2021 excluding the value of certain RPAI restricted stock that vested at the closing of the Merger and share awards assumed by the Company at the closing of the Merger.
Fair Value of Assets Acquired and Liabilities Assumed	The following table summarizes the provisional purchase price allocation based on the Company’s initial valuation, including estimates and assumptions of the acquisition date fair value of the tangible and intangible assets acquired and liabilities assumed: Provisional Allocation Investment properties $ 4,439,387 Acquired lease intangible assets 524,058 Cash, accounts receivable and other assets 84,632 Total assets acquired 5,048,077 Mortgage and other indebtedness (1,848,476) Accounts payable, other liabilities, tenant security deposits and prepaid rent (176,391) In-place lease liabilities (171,378) Noncontrolling interests (4,463) Total liabilities assumed (2,200,708) Total purchase price $ 2,847,369 The following table details the provisional weighted average amortization periods, in years, of the purchase price provisionally allocated to real estate and related intangible assets and liabilities acquired arising from the Merger: Weighted Average Land N/A Building 18.9 Tenant improvements 6.6 In-place lease intangibles 5.3 Above-market leases 8.1 Below-market leases (including below-market option periods) 17.6 Fair market value of debt adjustments 6.8
Level 3 Assumptions Utilized in Determining Value of Acquired Assets	The range of the most significant Level 3 assumptions utilized in determining the value of the real estate and related assets acquired through the Merger with RPAI are as follows: 2021 Net rental rate per square foot – Anchors $4.00 to $45.00 Net rental rate per square foot – Small Shops $7.00 to $140.00 Capitalization rate 5.25% to 9.00% The range of the most significant Level 3 assumptions utilized in determining the value of the real estate and related assets acquired through asset acquisitions are as follows: 2021 2020 2019 Net rental rate per square foot – Anchors N/A to N/A $22.50 to $27.50 $11.00 to $12.96 Net rental rate per square foot – Small Shops $31.50 to $45.00 $15.00 to $65.00 $6.33 to $32.00 Discount rate 9.0% 9.0% 9.0%
Business Acquisition, Pro Forma Information	The pro forma financial information set forth below is based upon the Company’s historical consolidated statements of operations for the years ended December 31, 2021 and 2020, adjusted to give effect for the properties assumed through the Merger as if they were acquired as of January 1, 2020. The pro forma financial information is presented for informational purposes only and may not be indicative of what actual results of income would have been, nor does it purport to represent the results of income for future periods. Year Ended December 31, ($ in thousands) 2021 2020 Rental income $ 740,954 $ 683,093 Net income (loss) $ 21,283 $ (109,775) Net income (loss) attributable to common shareholders $ 20,535 $ (107,341) Net income (loss) attributable to common shareholders per common share: Basic 1 $ 0.09 $ (0.49) Diluted 1 $ 0.09 $ (0.49) 1 The pro forma earnings for the year ended December 31, 2021 were adjusted to exclude $86.5 million of merger costs incurred while the pro forma earnings for the year ended December 31, 2020 were adjusted to include these costs.
Schedule Supplemental Non-Cash Investing and Financing Activities	The following table summarizes the Merger-related non-cash investing and financing activities of the Company for the year ended December 31, 2021: ($ in thousands) Year Ended December 31, 2021 Investment properties $ 4,439,387 Acquired lease intangible assets $ 524,058 Mortgage and other indebtedness $ (1,848,476) In-place lease liabilities $ (171,378) Noncontrolling interests $ (4,463) Other assets and liabilities, net 1 $ (106,751) Company common shares issued in exchange for RPAI common stock $ (2,847,369) 1 Includes lease liabilities arising from obtaining right-of-use assets of $41,086, which was determined using an estimate of our incremental borrowing rate that was specific to each lease based upon the term and underlying asset with a weighted average incremental borrowing rate of 5.4%.
Schedule of Asset Acquisition	The following table summarizes the fair value of assets acquired and liabilities assumed for the asset acquisitions completed during the years ended December 31, 2021, 2020 and 2019: Year Ended December 31, ($ in thousands) 2021 2020 2019 Investment properties, net $ 13,488 $ 63,570 $ 56,393 Lease-related intangible assets, net 1 304 2,254 2,458 Other assets — — 320 Total acquired assets 13,792 65,824 59,171 Mortgage payable 3,578 — — Accounts payable and accrued expenses 100 280 595 Deferred revenue and other liabilities 189 246 371 Total assumed liabilities 3,867 526 966 Fair value of acquired net assets $ 9,925 $ 65,298 $ 58,205 1 The weighted average remaining life of leases at the acquired properties is approximately 5.3 years, 3.2 years and 5.6 years for asset acquisitions completed during the years ended December 31, 2021, 2020 and 2019, respectively.

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Stock Options Activity	summarizes the option activity under the Plan as of December 31, 2021 and changes during the year then ended: ($ in thousands, except share and per share data) Options Weighted Average Aggregate Weighted Average Remaining Outstanding at January 1, 2021 21,567 $ 20.67 Granted — — Exercised (1,250) 15.56 Expired (19,067) 21.04 Forfeited — — Outstanding at December 31, 2021 1,250 $ 20.20 $ 2 0.33 Exercisable at December 31, 2021 1,250 $ 20.20 $ 2 0.33 Exercisable at December 31, 2020 21,567 $ 20.67 During the years ended December 31, 2019, 2020 and 2021, in connection with its annual review of executive compensation and as described in the table below, the Compensation Committee approved an aggregate grant of AO LTIP Units to the Company’s executive officers under the Plan. Number of Participation Threshold Executive 2019 Awards 2020 Awards 2021 Awards 2019 Awards 2020 Awards 2021 Awards John A. Kite 1,490,683 1,729,729 477,612 $ 15.79 $ 17.76 $ 16.69 Thomas A. McGowan 372,671 405,405 149,254 $ 15.79 $ 17.76 $ 16.69 Heath R. Fear 253,416 275,675 119,403 $ 15.79 $ 17.76 $ 16.69
Schedule of Restricted Stock Activity	The following table summarizes the restricted share activity to employees and non-employee members of the Board of Trustees as of December 31, 2021 and changes during the year then ended: Number of Weighted Average Restricted shares outstanding at January 1, 2021 321,591 $ 14.42 Shares granted 137,646 19.32 Shares assumed in the Merger 56,765 21.13 Shares forfeited (5,226) 17.47 Shares vested (187,544) 13.34 Restricted shares outstanding at December 31, 2021 323,232 $ 18.27 The following table summarizes the restricted share grants and vestings during the years ended December 31, 2021, 2020, and 2019: ($ in thousands, except share and per share data) Number of Restricted Shares Granted Weighted Average Fair Value of Restricted Shares Vested 2021 194,411 $ 19.85 $ 3,763 2020 211,476 $ 13.21 $ 2,727 2019 154,440 $ 15.84 $ 2,270 The following table summarizes the activity for time-based restricted unit awards for the year ended December 31, 2021: Number of Weighted Average Restricted units outstanding at January 1, 2021 491,196 $ 13.32 Restricted units granted 72,689 14.26 Restricted units vested (149,444) 14.00 Restricted units outstanding at December 31, 2021 414,441 $ 13.24 The following table summarizes the time-based restricted unit grants and vestings during the years ended December 31, 2021, 2020, and 2019: ($ in thousands, except unit and per unit data) Number of Restricted Units Granted Weighted Average Fair Value of Restricted Units Vested 2021 72,689 $ 14.26 $ 2,956 2020 431,913 $ 13.10 $ 1,784 2019 84,987 $ 14.11 $ 749

DEFERRED COSTS AND INTANGIBLE_2

DEFERRED COSTS AND INTANGIBLES, NET (Tables)	12 Months Ended
	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure	At December 31, 2021 and 2020, deferred costs consisted of the following: ($ in thousands) 2021 2020 Acquired lease intangible assets $ 567,149 $ 55,352 Deferred leasing costs and other 55,817 57,481 622,966 112,833 Less: accumulated amortization (81,448) (49,662) Total $ 541,518 $ 63,171
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated net amounts of amortization from acquired lease intangible assets for each of the next five years and thereafter are as follows: ($ in thousands) Amortization of above-market leases Amortization of acquired lease intangible assets Total 2022 $ 12,610 $ 133,302 $ 145,912 2023 10,297 85,763 96,060 2024 8,461 58,852 67,313 2025 6,571 39,351 45,922 2026 6,405 39,159 45,564 Thereafter 18,155 79,502 97,657 Total $ 62,499 $ 435,929 $ 498,428 The estimated net amounts of amortization of in-place lease liabilities and the increasing effect on minimum rent for each of the next five years and thereafter is as follows: ($ in thousands) 2022 $ 18,290 2023 16,668 2024 14,781 2025 12,440 2026 12,517 Thereafter 135,565 Total $ 210,261
Deferred Cost Amortization	The amounts of such amortization included in the accompanying consolidated statements of operations and comprehensive income are as follows: Year ended December 31, ($ in thousands) 2021 2020 2019 Amortization of deferred leasing costs, lease intangibles and other $ 45,423 $ 13,916 $ 14,239 Amortization of above-market lease intangibles 3,483 999 1,200 The following amounts of amortization of debt issuance costs are included as a component of “Interest expense” in the accompanying consolidated statements of operations and comprehensive income: Year ended December 31, ($ in thousands) 2021 2020 2019 Amortization of debt issuance costs $ 2,681 $ 2,135 $ 2,762

DEFERRED REVENUE, INTANGIBLES_2

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Schedule of Deferred Revenue and Other Liabilities	At December 31, 2021 and 2020, deferred revenue, intangibles, net and other liabilities consisted of the following: ($ in thousands) 2021 2020 Unamortized in-place lease liabilities $ 210,261 $ 45,479 Retainages payable and other 10,796 1,943 Tenant rents received in advance 30,125 11,716 Lease liabilities 70,237 26,511 Total $ 321,419 $ 85,649
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated net amounts of amortization from acquired lease intangible assets for each of the next five years and thereafter are as follows: ($ in thousands) Amortization of above-market leases Amortization of acquired lease intangible assets Total 2022 $ 12,610 $ 133,302 $ 145,912 2023 10,297 85,763 96,060 2024 8,461 58,852 67,313 2025 6,571 39,351 45,922 2026 6,405 39,159 45,564 Thereafter 18,155 79,502 97,657 Total $ 62,499 $ 435,929 $ 498,428 The estimated net amounts of amortization of in-place lease liabilities and the increasing effect on minimum rent for each of the next five years and thereafter is as follows: ($ in thousands) 2022 $ 18,290 2023 16,668 2024 14,781 2025 12,440 2026 12,517 Thereafter 135,565 Total $ 210,261

MORTGAGE AND OTHER INDEBTEDNE_2

MORTGAGE AND OTHER INDEBTEDNESS (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Indebtedness	The Company has the following types of indebtedness: December 31, 2021 2020 Mortgages payable $ 392,590 $ 351,076 Senior unsecured notes 1,924,635 550,000 Unsecured term loans 720,000 250,000 Revolving line of credit 55,000 25,000 3,092,225 1,176,076 Unamortized discounts and premiums, net 69,425 1,732 Unamortized debt issuance costs, net (10,842) (7,014) Total mortgage and other indebtedness, net $ 3,150,808 $ 1,170,794 The following table summarizes the Company’s senior unsecured notes and exchangeable senior notes: December 31, 2021 December 31, 2020 ($ in thousands) Maturity Date Balance Interest Rate Balance Interest Rate Senior notes – 4.23% due 2023 September 10, 2023 $ 95,000 4.23 % $ 95,000 4.23 % Senior notes – 4.58% due 2024 1 June 30, 2024 149,635 4.58 % — — % Senior notes – 4.00% due 2025 2 March 15, 2025 350,000 4.00 % — — % Senior notes – LIBOR + 3.65% due 2025 3 September 10, 2025 80,000 3.75 % 80,000 4.47 % Senior notes – 4.08% due 2026 1 September 30, 2026 100,000 4.08 % — — % Senior notes – 4.00% due 2026 October 1, 2026 300,000 4.00 % 300,000 4.00 % Senior exchangeable notes – 0.75% due 2027 April 1, 2027 175,000 0.75 % — — % Senior notes – LIBOR + 3.75% due 2027 4 September 10, 2027 75,000 3.85 % 75,000 4.57 % Senior notes – 4.24% due 2028 1 December 28, 2028 100,000 4.24 % — — % Senior notes – 4.82% due 2029 1 June 28, 2029 100,000 4.82 % — — % Senior notes – 4.75% due 2030 2 September 15, 2030 400,000 4.75 % — — % Total senior unsecured notes $ 1,924,635 $ 550,000 1 Private placement notes assumed in connection with the Merger. 2 Publicly placed notes assumed in connection with the Merger. 3 $80,000 of 4.47% senior unsecured notes has been swapped to a variable rate of LIBOR plus 3.65% through September 10, 2025. 4 $75,000 of 4.57% senior unsecured notes has been swapped to a variable rate of LIBOR plus 3.75% through September 10, 2025. Unsecured Term Loans and Revolving Line of Credit The following table summarizes the Company’s term loans and revolving line of credit: December 31, 2021 December 31, 2020 ($ in thousands) Maturity Date Balance Interest Rate Balance Interest Rate Unsecured term loan due 2023 – fixed rate 1,2 November 22, 2023 $ 200,000 4.10 % $ — — % Unsecured term loan due 2024 – fixed rate 1,3 July 17, 2024 120,000 2.88 % — — % Unsecured term loan due 2025 – fixed rate 4,6 October 24, 2025 250,000 5.09 % 250,000 2.14 % Unsecured term loan due 2026 – fixed rate 1,5 July 17, 2026 150,000 2.97 % — — % Total unsecured term loans $ 720,000 $ 250,000 Unsecured credit facility revolving line of credit – variable rate 1,7 January 8, 2026 $ 55,000 1.20 % $ 25,000 1.29 % 1 Unsecured term loans and revolving line of credit assumed in connection with the Merger. 2 $200,000 of LIBOR-based variable rate debt has been swapped to a fixed rate 2.85% plus a credit spread based on a leverage grid ranging from 1.20% to 1.85% through November 22, 2023. The applicable credit spread was 1.25% as of December 31, 2021. 3 $120,000 of LIBOR-based variable rate debt has been swapped to a fixed rate 1.68% plus a credit spread based on a leverage grid ranging from 1.20% to 1.70% through July 17, 2024. The applicable credit spread was 1.20% as of December 31, 2021. 4 $250,000 of LIBOR-based variable rate debt has been swapped to a fixed rate of 5.09% through October 24, 2025. 5 $150,000 of LIBOR-based variable rate debt has been swapped to a fixed rate 1.77% plus a credit spread based on a leverage grid ranging from 1.20% to 1.70% through July 17, 2026. The applicable credit spread was 1.20% as of December 31, 2021. 6 The maturity date of the term loan may be extended for up to three additional periods of one year at the Operating Partnership’s option, subject to certain conditions. 7 The revolving line of credit has two six-month extension options that the Company can exercise, at its election, subject to (i) customary representations and warranties, including, but not limited to, the absence of an event of default as defined in the unsecured credit agreement and (ii) payment of an extension fee equal to 0.075% of the revolving line of credit capacity. Unsecured Term Loans Maturity Date Leverage-Based Pricing Investment Grade Pricing $200,000 unsecured term loan due 2023 11/22/2023 1.20% – 1.85% 0.85% – 1.65% $120,000 unsecured term loan due 2024 7/17/2024 1.20% – 1.70% 0.80% – 1.65% $150,000 unsecured term loan due 2026 7/17/2026 1.20% – 1.70% 0.75% – 1.60%
Schedule of Weighted Average Maturities and Interest Rates	Consolidated indebtedness, including weighted average maturities and weighted average interest rates as of December 31, 2021, considering the impact of interest rate swaps, is summarized below: Amount Ratio Weighted Average Weighted Fixed rate debt 1 $ 2,853,212 92 % 4.00 % 4.6 Variable rate debt 2 239,013 8 % 3.01 % 4.2 Debt discounts, premiums and issuance costs, net 58,583 N/A N/A N/A Total $ 3,150,808 100 % 3.92 % 4.6 1 Fixed rate debt includes the portion of variable rate debt that has been hedged by interest rate swaps. As of December 31, 2021, $720.0 million in variable rate debt is hedged to a fixed rate for a weighted average of 3.2 years. 2 Variable rate debt includes the portion of fixed rate debt that has been hedged by interest rate swaps. As of December 31, 2021, $155.0 million in fixed rate debt is hedged to a floating rate for a weighted average of 3.7 years.
Schedule of Mortgages Payable	The following table summarizes the Company’s mortgages payable: December 31, 2021 December 31, 2020 ($ in thousands) Balance Weighted Average Weighted Average Years Balance Weighted Average Weighted Average Years Fixed rate mortgages payable 1 $ 363,577 4.13 % 1.7 $ 295,966 4.12 % 2.1 Variable rate mortgage payable 2 29,013 1.70 % 0.1 55,110 1.74 % 1.1 Total mortgages payable $ 392,590 $ 351,076 1 The fixed rate mortgages had interest rates ranging from 3.75% to 5.73% and 3.78% to 5.73% as of December 31, 2021 and 2020, respectively. 2 The interest rate on the variable rate mortgage is based on LIBOR plus 160 basis points. The one-month LIBOR rate was 0.10% and 0.14% as of December 31, 2021 and 2020, respectively.
Schedule of Line of Credit Facilities	The following table summarizes the key terms of the Revolving Facility: Leverage-Based Pricing Investment Grade Pricing Credit Agreement Maturity Date Extension Option Extension Fee Credit Spread Facility Fee Credit Spread Facility Fee $850,000 unsecured revolving line of credit 1/8/2026 2 six 0.075% 1.05%–1.50% 0.15%–0.30% 0.725%–1.40% 0.125%–0.30%
Deferred Cost Amortization	The amounts of such amortization included in the accompanying consolidated statements of operations and comprehensive income are as follows: Year ended December 31, ($ in thousands) 2021 2020 2019 Amortization of deferred leasing costs, lease intangibles and other $ 45,423 $ 13,916 $ 14,239 Amortization of above-market lease intangibles 3,483 999 1,200 The following amounts of amortization of debt issuance costs are included as a component of “Interest expense” in the accompanying consolidated statements of operations and comprehensive income: Year ended December 31, ($ in thousands) 2021 2020 2019 Amortization of debt issuance costs $ 2,681 $ 2,135 $ 2,762
Schedule of Maturities of Long-term Debt	The following table presents maturities of mortgage debt and corporate debt as of December 31, 2021: Secured Debt ($ in thousands) Scheduled Term Unsecured Debt Total 2022 $ 3,674 $ 153,500 $ — $ 157,174 2023 2,600 191,605 295,000 489,205 2024 2,721 — 269,635 272,356 2025 2,848 — 430,000 432,848 2026 2,981 — 605,000 607,981 Thereafter 30,181 2,480 1,100,000 1,132,661 $ 45,005 $ 347,585 $ 2,699,635 $ 3,092,225 Debt discounts, premiums and issuance costs, net 58,583 Total $ 3,150,808

LEASE INFORMATION (Tables)

LEASE INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Lease Rental Income	Rental income related to the Company’s operating leases is comprised of the following for the years ended December 31, 2021, 2020 and 2019, respectively: Year Ended December 31, ($ in thousands) 2021 2020 2019 Fixed contractual lease payments – operating leases $ 292,873 $ 218,004 $ 244,666 Variable lease payments – operating leases 69,422 52,128 61,368 Bad debt recovery (reserve) (2,897) (13,259) (3,620) Straight-line rent adjustment 4,674 1,155 3,362 Straight-line rent recovery (reserve) for uncollectibility 716 (4,177) (1,153) Amortization of in-place lease liabilities, net 2,611 3,819 3,776 Total $ 367,399 $ 257,670 $ 308,399
Schedule of Future Minimum Lease Payments to be Received	As of December 31, 2021, future minimum rentals to be received under non-cancelable operating leases for each of the next five years and thereafter, excluding variable lease payments and amounts deferred under lease concession agreements, are as follows: ($ in thousands) Lease Payments 2022 $ 589,763 2023 540,899 2024 474,392 2025 405,830 2026 339,723 Thereafter 1,782,554 Total $ 4,133,161
Schedule of Future Minimum Rental Payments for Operating Leases	As of December 31, 2021, future minimum lease payments due under ground leases for each of the next five years and thereafter are as follows: ($ in thousands) Lease Obligations 2022 $ 4,986 2023 4,811 2024 4,776 2025 4,900 2026 4,905 Thereafter 115,528 Total $ 139,906 Adjustment for discounting (69,669) Lease liabilities as of December 31, 2021 $ 70,237

ORGANIZATION (Details)

ORGANIZATION (Details) $ in Thousands, ft² in Millions	Oct. 22, 2021USD ($)property	Oct. 21, 2021USD ($)	Dec. 31, 2021USD ($)ft²property	Dec. 31, 2020ft²property
Retail Properties of America, Inc.
Organization [Line Items]
Merger transaction value | $	$ 4,700,000
Assumption of debt | $	$ 1,800,000		$ 1,800,000
Conversion rate of acquiree common shares	0.623
Purchase price of shares issued in merger | $	$ 2,800,000	$ 2,847,369
General Partner Units
Organization [Line Items]
General partner, ownership interest			98.90%
Kite Realty Group, L.P.
Organization [Line Items]
Limited partner, ownership interest			1.10%
Operating Retail Properties
Organization [Line Items]
Number of real estate properties			180
Area of real estate property (in square feet) | ft²			29
Operating Retail Properties | Retail Properties of America, Inc.
Organization [Line Items]
Number of real estate properties	100
Operating Retail Properties | Consolidated Entities
Organization [Line Items]
Number of real estate properties			177
Operating Retail Properties | Equity Method Investee
Organization [Line Items]
Number of real estate properties			3
Under Construction Development Properties
Organization [Line Items]
Number of real estate properties			8	2
Under Construction Development Properties | Retail Properties of America, Inc.
Organization [Line Items]
Number of real estate properties	5
Office Properties
Organization [Line Items]
Number of real estate properties			1
Area of real estate property (in square feet) | ft²			0.3
Operating Retail Properties with Office Components
Organization [Line Items]
Number of real estate properties			11
Operating and Redevelopment Properties
Organization [Line Items]
Number of real estate properties				90
Area of real estate property (in square feet) | ft²				17.3
Operating and Redevelopment Properties | Consolidated Entities
Organization [Line Items]
Number of real estate properties				87
Operating and Redevelopment Properties | Equity Method Investee
Organization [Line Items]
Number of real estate properties				3

BASIS OF PRESENTATION AND SUM_4

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Investment Properties (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Land, building and improvements	$ 7,543,376	$ 3,109,122
Furniture, equipment and other	7,612	6,979
Construction in progress	41,360	27,860
Investment properties, at cost	$ 7,592,348	$ 3,143,961

BASIS OF PRESENTATION AND SUM_5

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details)	1 Months Ended			12 Months Ended
	Sep. 30, 2021USD ($)	May 31, 2020USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2021USD ($)jointVenturesegmentshares	Dec. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)shares	Dec. 31, 2018	Jun. 29, 2018USD ($)property
Accounting Policies [Line Items]
Variable interest entity, number of entities | jointVenture				3
Liabilities				$ 3,657,209,000	$ 1,333,912,000
Assets				$ 7,639,575,000	2,608,539,000
Number of investments in unconsolidated joint ventures | jointVenture				4
Payments to acquire equity method investments				$ 134,000	541,000	$ 798,000
Gains on sale of operating properties				$ 500,000	$ 5,900,000	$ 200,000
Provision for credit losses, net of recoveries as percent of total revenues				0.90%	6.00%	1.10%
Weighted average limited partnership units outstanding, basic (in shares) | shares				2,500,000	2,200,000	2,100,000
Number of operating segments | segment				1
Limited partners' capital account, units outstanding (in shares) | shares				2,377,777	2,532,861
Amount of rent deferred				$ 2,900,000	$ 6,100,000
Fed Funds Effective Rate Overnight Index Swap Rate
Accounting Policies [Line Items]
Deposit balance basis point spread on interest rate				0.43%
Variable Interest Entity, Primary Beneficiary
Accounting Policies [Line Items]
Liabilities				$ 29,000,000
Assets				$ 117,000,000
Minimum
Accounting Policies [Line Items]
Rent deferral agreement, payback period					12 months
Maximum
Accounting Policies [Line Items]
Rent deferral agreement, payback period					18 months
Capital Unit, Class B
Accounting Policies [Line Items]
Number of joint ventures in which units are issued | jointVenture				3
Number of joint ventures in which units are issued, noncontrolling interest | jointVenture				1
Operating Partnership
Accounting Policies [Line Items]
Noncontrolling interest, ownership percentage by parent				98.90%	97.10%
Noncontrolling interest, ownership percentage by noncontrolling owners				1.10%	2.90%
Co-venturer
Accounting Policies [Line Items]
Construction loan payable				$ 33,600,000
Three Property Retail Portfolio Joint Venture
Accounting Policies [Line Items]
Ownership percentage in equity method investment								20.00%
Embassy Suites Joint Venture
Accounting Policies [Line Items]
Ownership percentage in equity method investment				35.00%			35.00%
Payments to acquire equity method investments			$ 1,400,000
Embassy Suites Joint Venture | Co-venturer
Accounting Policies [Line Items]
Construction loan payable				$ 33,600,000
Embassy Suites Joint Venture | Co-venturer | Construction Loan
Accounting Policies [Line Items]
Debt instrument, face amount				$ 33,800,000
Glendale Multifamily Joint Venture
Accounting Policies [Line Items]
Ownership percentage in equity method investment		12.00%
Glendale Multifamily Joint Venture | Land
Accounting Policies [Line Items]
Contribution of property		$ 1,600,000
Buckingham Joint Venture
Accounting Policies [Line Items]
Ownership percentage in equity method investment	50.00%
Buckingham Joint Venture | Land
Accounting Policies [Line Items]
Contribution of property	$ 4,000,000
One Loudoun Downtown - Pads G & H Joint Venture
Accounting Policies [Line Items]
Ownership percentage in equity method investment				90.00%
Payments to acquire equity method investments				$ 400,000
Livingston Shopping Center, Plaza Volente, and Tamiami Crossing | Three Property Retail Portfolio Joint Venture
Accounting Policies [Line Items]
Number of real estate properties | property								3
Consideration received								$ 99,800,000
Equity method investment								$ 10,000,000

BASIS OF PRESENTATION AND SUM_6

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Useful Life (Details)	12 Months Ended
	Dec. 31, 2021
Minimum | Building and Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Minimum | Fixtures and leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Maximum | Building and Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	35 years
Maximum | Fixtures and leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years

BASIS OF PRESENTATION AND SUM_7

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Cash and cash equivalents	$ 93,241	$ 43,648	$ 31,336
Restricted cash and escrow deposits	7,122	2,938	21,477
Total cash, cash equivalents, and restricted cash	$ 100,363	$ 46,586	$ 52,813	$ 45,506

BASIS OF PRESENTATION AND SUM_8

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Concentration Risk by Risk Factor (Details) - Geographic Concentration Risk - Tenant, Lease Revenue	12 Months Ended
	Dec. 31, 2021
Texas
Concentration Risk [Line Items]
Concentration risk, percentage	24.00%
Florida
Concentration Risk [Line Items]
Concentration risk, percentage	9.90%
New York
Concentration Risk [Line Items]
Concentration risk, percentage	5.80%
Maryland
Concentration Risk [Line Items]
Concentration risk, percentage	5.80%
North Carolina
Concentration Risk [Line Items]
Concentration risk, percentage	5.10%

BASIS OF PRESENTATION AND SUM_9

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Tax Characterizations of Dividends Paid (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Characterization [Line Items]
Income tax characterization of dividends paid (as a percent)	100.00%	100.00%	100.00%
Ordinary income
Income Tax Characterization [Line Items]
Income tax characterization of dividends paid (as a percent)	0.00%	89.30%	29.70%
Return of capital
Income Tax Characterization [Line Items]
Income tax characterization of dividends paid (as a percent)	13.40%	0.00%	35.20%
Capital gains
Income Tax Characterization [Line Items]
Income tax characterization of dividends paid (as a percent)	86.60%	10.70%	35.10%

BASIS OF PRESENTATION AND SU_10

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Noncontrolling Interests (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Noncontrolling interests balance at January 1,	$ 698	$ 698	$ 698
Noncontrolling interests acquired in the Merger	4,463	0	0
Net income allocable to noncontrolling interests,   excluding redeemable noncontrolling interests	(916)	100	532
Distributions to noncontrolling interests	0	0	0
Noncontrolling interests balance at December 31,	5,146	698	698
Excluding Redeemable Noncontrolling Interests
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net income allocable to noncontrolling interests,   excluding redeemable noncontrolling interests	$ (15)	$ 0	$ 0

BASIS OF PRESENTATION AND SU_11

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Weighted Average Interests in Operating Partnership (Details) - Operating Partnership	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Noncontrolling Interest [Line Items]
Parent Company’s weighted average interest in Operating Partnership	97.80%	97.40%	97.60%
Limited partners’ weighted average interests in Operating Partnership	2.20%	2.60%	2.40%

BASIS OF PRESENTATION AND SU_12

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net (loss) income allocable to redeemable noncontrolling interests	$ (916)	$ 100	$ 532
Distributions declared to redeemable noncontrolling interests	0	0	0
Redeemable Noncontrolling Interests
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Redeemable noncontrolling interests balance at January 1,	43,275	52,574	45,743
Net (loss) income allocable to redeemable noncontrolling interests	(901)	100	532
Distributions declared to redeemable noncontrolling interests	(2,208)	(1,533)	(3,191)
Other, net including adjustments to redemption value	15,007	(7,866)	9,490
Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at December 31,	55,173	43,275	52,574
Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at December 31,	55,173	43,275	52,574
Redeemable Noncontrolling Interests | Partnership Interest
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Redeemable noncontrolling interests balance at January 1,	43,275	52,574
Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at December 31,	55,173	43,275	52,574
Limited partners' interests in Operating Partnership	45,103	33,205	42,504
Other redeemable noncontrolling interests in certain subsidiaries	10,070	10,070	10,070
Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at December 31,	$ 55,173	$ 43,275	$ 52,574

ACQUISITIONS - Additional Infor

ACQUISITIONS - Additional Information (Details) $ / shares in Units, $ in Thousands	Oct. 22, 2021USD ($)property	Oct. 21, 2021USD ($)$ / shares	Dec. 31, 2021USD ($)property	Dec. 31, 2020USD ($)property	Dec. 31, 2019USD ($)property
Business Acquisition [Line Items]
Merger and acquisition costs			$ 86,522	$ 0	$ 0
Depreciation and amortization			$ 200,460	$ 128,648	$ 132,098
Retail Operating Property | Real Estate Asset Acquisition
Business Acquisition [Line Items]
Number of assets acquired | property			1	1	1
Payments to acquire assets			$ 13,500	$ 65,300	$ 29,000
Under Construction Development Properties
Business Acquisition [Line Items]
Number of real estate properties | property			8	2
Parking Garage | Real Estate Asset Acquisition
Business Acquisition [Line Items]
Number of assets acquired | property					1
Payments to acquire assets					$ 29,500
Retail Properties of America, Inc.
Business Acquisition [Line Items]
Purchase price of shares issued in merger	$ 2,800,000	$ 2,847,369
Share price (in dollars per share) | $ / shares		$ 21.18
Conversion rate of acquiree common shares	0.623
Merger and acquisition costs			$ 86,500
Assumption of debt	$ 1,800,000		1,800,000
Pro forma revenue			94,900
Pro forma net loss			22,800
Depreciation and amortization			74,700
Fair value of assets acquired and liabilities assumed			$ 2,847,369
Retail Properties of America, Inc. | Retail Operating Property
Business Acquisition [Line Items]
Number of real estate properties | property	100
Retail Properties of America, Inc. | Under Construction Development Properties
Business Acquisition [Line Items]
Number of real estate properties | property	5

ACQUISITIONS - Conversion of Sh

ACQUISITIONS - Conversion of Shares (Details)	Oct. 22, 2021shares	Oct. 21, 2021shares	Dec. 31, 2021shares	Dec. 31, 2020shares
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Common shares outstanding (in shares)			218,949,569	84,187,999
Retail Properties of America, Inc.
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Exchange ratio	0.623
Company common shares issued for outstanding RPAI common stock (in shares)	133,814,066
Company common shares issued for RPAI restricted stock units (in shares)	1,117,399
Total company common shares issued (in shares)	134,931,465	134,931,000
Retail Properties of America, Inc.
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Common shares outstanding (in shares)		214,797,869

ACQUISITIONS - Purchase Price a

ACQUISITIONS - Purchase Price and Value of Equity Consideration (Details) - Retail Properties of America, Inc. - USD ($) $ / shares in Units, $ in Thousands	Oct. 22, 2021	Oct. 21, 2021
Business Acquisition [Line Items]
Price of Company common shares (in USD per share)		$ 21.18
Equity Consideration Given - Company common shares issued (in shares)	134,931,465	134,931,000
Total value of stock consideration	$ 2,800,000	$ 2,847,369

ACQUISITIONS - Fair Value of As

ACQUISITIONS - Fair Value of Assets Acquired and Liabilities Assumed (Details) - Retail Properties of America, Inc. $ in Thousands	Dec. 31, 2021USD ($)
Business Acquisition [Line Items]
Investment properties	$ 4,439,387
Acquired lease intangible assets	524,058
Cash, accounts receivable and other assets	84,632
Total acquired assets	5,048,077
Mortgage and other indebtedness	(1,848,476)
Accounts payable, other liabilities, tenant security deposits and prepaid rent	(176,391)
In-place lease liabilities	(171,378)
Noncontrolling interests	(4,463)
Total assumed liabilities	(2,200,708)
Total purchase price	$ 2,847,369

ACQUISITIONS - Level 3 Assumpti

ACQUISITIONS - Level 3 Assumptions Utilized in Determining Value of Acquired Assets (Details) - Valuation, Income Approach	12 Months Ended
	Dec. 31, 2021$ / ft²	Dec. 31, 2020$ / ft²	Dec. 31, 2019$ / ft²
Net rental rate per square foot – Anchors | Minimum | Real Estate Asset Acquisition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input		22.50	11
Net rental rate per square foot – Anchors | Maximum | Real Estate Asset Acquisition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input		27.50	12.96
Net rental rate per square foot – Anchors | Retail Properties of America, Inc. | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	4
Net rental rate per square foot – Anchors | Retail Properties of America, Inc. | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	45
Net rental rate per square foot – Small Shops | Minimum | Real Estate Asset Acquisition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	31.50	15	6.33
Net rental rate per square foot – Small Shops | Maximum | Real Estate Asset Acquisition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	45	65	32
Net rental rate per square foot – Small Shops | Retail Properties of America, Inc. | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	7
Net rental rate per square foot – Small Shops | Retail Properties of America, Inc. | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	140
Capitalization rate | Minimum | Real Estate Asset Acquisition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.090	0.090
Capitalization rate | Maximum | Real Estate Asset Acquisition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input			0.090
Capitalization rate | Retail Properties of America, Inc. | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.0525
Capitalization rate | Retail Properties of America, Inc. | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.0900

ACQUISITIONS - Schedule of Weig

ACQUISITIONS - Schedule of Weighted Average Amortization Periods of Assets and Liabilities Acquired (Details) - Retail Properties of America, Inc.	2 Months Ended
	Dec. 31, 2021
Building
Business Acquisition [Line Items]
Weighted Average Amortization Period (in years)	18 years 10 months 24 days
Tenant improvements
Business Acquisition [Line Items]
Weighted Average Amortization Period (in years)	6 years 7 months 6 days
In-place lease intangibles
Business Acquisition [Line Items]
Weighted Average Amortization Period (in years)	5 years 3 months 18 days
Above-market leases
Business Acquisition [Line Items]
Weighted Average Amortization Period (in years)	8 years 1 month 6 days
Below-market leases (including below-market option periods)
Business Acquisition [Line Items]
Weighted Average Amortization Period (in years)	17 years 7 months 6 days
Fair market value of debt adjustments
Business Acquisition [Line Items]
Weighted Average Amortization Period (in years)	6 years 9 months 18 days

ACQUISITIONS - Schedule of Pro

ACQUISITIONS - Schedule of Pro Forma Information (Details) - Retail Properties of America, Inc. - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Rental income	$ 740,954,000	$ 683,093,000
Net income (loss)	21,283,000	(109,775,000)
Net income (loss) attributable to common shareholders	$ 20,535,000	$ (107,341,000)
Net income (loss) attributable to common shareholders per common share, basic (in USD per share)	$ 0.09	$ (0.49)
Net income (loss) attributable to common shareholders per common share, diluted (in USD per share)	$ 0.09	$ (0.49)
Merger costs	$ 86,500

ACQUISITIONS - Schedule Supplem

ACQUISITIONS - Schedule Supplemental Non-Cash Investing and Financing Activities (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Business Acquisition [Line Items]
In-place lease liabilities	$ (171,378)
Weighted average incremental borrowing rate	0.054
Retail Properties of America, Inc.
Business Acquisition [Line Items]
Investment properties	$ 4,439,387
Acquired lease intangible assets	524,058
Mortgage and other indebtedness	(1,848,476)
Noncontrolling interests	(4,463)
Other assets and liabilities, net	(106,751)
Company common shares issued in exchange for RPAI common stock	(2,847,369)
Lease liabilities arising from obtaining right-of-use assets of	$ 41,086

ACQUISITIONS - Schedule of Asse

ACQUISITIONS - Schedule of Asset Acquisition Assets Acquired and Liabilities Assumed (Details) - Real Estate Asset Acquisition - USD ($) $ in Thousands	Dec. 22, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Asset Acquisition [Line Items]
Investment properties, net		$ 13,488	$ 63,570	$ 56,393
Lease-related intangible assets, net		304	2,254	2,458
Other assets		0	0	320
Total acquired assets		13,792	65,824	59,171
Mortgage payable		3,578	0	0
Accounts payable and accrued expenses		100	280	595
Deferred revenue and other liabilities		189	246	371
Total assumed liabilities		3,867	526	966
Fair value of acquired net assets		$ 9,925	$ 65,298	$ 58,205
Mortgages payable
Asset Acquisition [Line Items]
Mortgage payable	$ 3,600
Lease Agreements
Asset Acquisition [Line Items]
Weighted Average Amortization Period (in years)		5 years 3 months 18 days	3 years 2 months 12 days	5 years 7 months 6 days

DISPOSALS OF OPERATING PROPER_2

DISPOSALS OF OPERATING PROPERTIES AND IMPAIRMENT CHARGES (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)groundLeaseleaseproperty	Dec. 31, 2020USD ($)property	Dec. 31, 2019USD ($)property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of ground lease properties | lease	12
Depreciation and amortization	$ 0	$ 0	$ 37,723
Seven unnamed impaired properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties | property			7
Depreciation and amortization			$ 37,700
Property, plant, and equipment, fair value disclosure			176,000
Disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties | property		0
Proceeds from sale of real estate	42,000
Gain on disposal	$ 27,600
Number of ground lease properties | groundLease	17
2021 Operating Properties Sold
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of real estate	$ 24,800
Gain on disposal	$ 4,300
2021 Operating Properties Sold | Disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties | property	1
2020 Redevelopment Property Sold
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of real estate		$ 14,000
Gain on disposal		$ 3,100
2020 Redevelopment Property Sold | Disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties | property		1
2019 Operating Properties Sold
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of real estate			543,800
Gain on disposal			$ 39,000
2019 Operating Properties Sold | Disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties | property			23

SHARE-BASED COMPENSATION - Addi

SHARE-BASED COMPENSATION - Additional Information (Details) - USD ($)	2 Months Ended	12 Months Ended							24 Months Ended	36 Months Ended
	Dec. 31, 2021	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2023	Dec. 31, 2024	Oct. 22, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense					$ 7,200,000	$ 5,600,000	$ 5,300,000
Allocation of recognized period costs, capitalized amount					$ 1,000,000	$ 1,200,000	$ 1,100,000
Number of shares available for grant (in shares)	1,277,380				1,277,380
Granted (in shares)					0	0	0
Exercised (in shares)					1,250	2,500	33,375
Exercises in period, intrinsic value					$ 6,550	$ 2,000	$ 86,000
Percent of compensation in time-based restricted shares					40.00%
Percent of compensation in three-year performance shares					60.00%
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					5 years
Expiration period					10 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested shares (in shares)	323,232				323,232	321,591
Compensation cost not yet recognized	$ 3,900,000				$ 3,900,000
Period for recognition					10 months 24 days
Restricted Stock | Retail Properties of America, Inc.
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested shares (in shares)											56,765
Service period	3 years
Restricted Stock | Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense			$ 1,000,000	$ 2,700,000
Restricted Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					3 years
Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					5 years
Restricted Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period								3 years
Percent of compensation based on relative total shareholder return								60.00%
Award measurement period								3 years
Percent of compensation on achievement of defined FAD								40.00%
Share-based compensation arrangement by share-based payment award, target value of awards granted								$ 2,400,000
Incremental adjustment amount								25.00%
PSUs earned (in shares)								172,000
Aggregate intrinsic value, nonvested								$ 2,200,000
Restricted Performance Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of compensation in three-year performance shares								0.00%
Restricted Performance Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of compensation in three-year performance shares								200.00%
Time-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested shares (in shares)	414,441				414,441	491,196
Compensation cost not yet recognized	$ 4,200,000				$ 4,200,000
Period for recognition					1 year 9 months 14 days
Time-Based Restricted Stock Units | Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense		$ 800,000	$ 1,100,000	1,600,000
AO LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award measurement period					5 years
Consecutive trading days for appreciation threshold					20 days
AO LTIP Units - 2019 Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense					$ 1,100,000	$ 1,100,000	$ 1,000,000
Period for recognition					3 years
Minimum appreciation threshold for vesting					20.00%
AO LTIP Units - 2019 Awards | Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense				$ 200,000
AO LTIP Units - 2020 Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense					$ 700,000	$ 600,000
Compensation cost not yet recognized	3,600,000				$ 3,600,000
Period for recognition					5 years
Minimum appreciation threshold for vesting					15.00%
AO LTIP Units - 2020 Awards | Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense										$ 700,000
AO LTIP Units - 2021 Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense					$ 900,000
Compensation cost not yet recognized	$ 3,000,000				$ 3,000,000
Period for recognition					3 years
Minimum appreciation threshold for vesting					15.00%
AO LTIP Units - 2021 Awards | Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense									$ 1,000,000
The 2013 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional shares authorized (in shares)					3,000,000

SHARE-BASED COMPENSATION - Opti

SHARE-BASED COMPENSATION - Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Options
Outstanding, beginning of period (in shares)	21,567
Granted (in shares)	0	0	0
Exercised (in shares)	(1,250)	(2,500)	(33,375)
Expired (in shares)	(19,067)
Forfeited (in shares)	0
Outstanding, end of period (in shares)	1,250	21,567
Exercisable (in shares)	1,250	21,567
Weighted-Average Exercise Price
Outstanding, beginning of period (in dollars per share)	$ 20.67
Granted (in dollars per share)	0
Exercised (in dollars per share)	15.56
Expired (in dollars per share)	21.04
Forfeited (in dollars per share)	0
Outstanding, end of period (in dollars per share)	20.20	$ 20.67
Exercisable (in dollars per share)	$ 20.20	$ 20.67
Outstanding, aggregate intrinsic value	$ 2
Exercisable, aggregate intrinsic value	$ 2
Outstanding, remaining contractual term	3 months 29 days
Exercisable, remaining contractual term	3 months 29 days

SHARE-BASED COMPENSATION - Rest

SHARE-BASED COMPENSATION - Restricted Share Activity (Details) - Restricted Stock - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Number of Restricted Shares
Outstanding, beginning balance (in shares)	321,591
Shares granted (in shares)	137,646	211,476	154,440
Shares assumed in the Merger (in shares)	56,765
Total shares granted (in shares)	194,411
Shares forfeited (in shares)	(5,226)
Shares vested (in shares)	(187,544)
Outstanding, ending balance (in shares)	323,232	321,591
Weighted Average Grant Date Fair Value per share
Outstanding, beginning balance (in dollars per share)	$ 14.42
Shares granted (in dollars per share)	19.32	$ 13.21	$ 15.84
Shares assumed in Merger (in dollars per share)	21.13
Total shares granted (in dollars per share)	19.85
Shares forfeited (in dollars per share)	17.47
Shares vested (in dollars per share)	13.34
Outstanding, ending balance (in dollars per share)	$ 18.27	$ 14.42
Fair value of restricted shares vested	$ 3,763	$ 2,727	$ 2,270

SHARE-BASED COMPENSATION - Re_2

SHARE-BASED COMPENSATION - Restricted Unit Activity (Details) - Time-Based Restricted Stock Units - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Number of Restricted Units
Outstanding, beginning balance (in shares)	491,196
Restricted units granted (in shares)	72,689	431,913	84,987
Restricted units vested (in shares)	(149,444)
Outstanding, ending balance (in shares)	414,441	491,196
Weighted Average Grant Date Fair Value per unit
Outstanding, beginning balance (in dollars per share)	$ 13.32
Restricted units granted (in dollars per share)	14.26	$ 13.10	$ 14.11
Restricted units vested (in dollars per share)	14
Outstanding, ending balance (in dollars per share)	$ 13.24	$ 13.32
Vested in period, fair value	$ 2,956	$ 1,784	$ 749

SHARE-BASED COMPENSATION - AO L

SHARE-BASED COMPENSATION - AO LTIP Units (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)	1,250	21,567
AO LTIP Units - 2019 Awards | John A. Kite
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)			1,490,683
Participation Threshold per AO LTIP Unit (in dollars per share)			$ 15.79
AO LTIP Units - 2019 Awards | Thomas A. McGowan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)			372,671
Participation Threshold per AO LTIP Unit (in dollars per share)			$ 15.79
AO LTIP Units - 2019 Awards | Heath R. Fear
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)			253,416
Participation Threshold per AO LTIP Unit (in dollars per share)			$ 15.79
AO LTIP Units - 2020 Awards | John A. Kite
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)		1,729,729
Participation Threshold per AO LTIP Unit (in dollars per share)		$ 17.76
AO LTIP Units - 2020 Awards | Thomas A. McGowan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)		405,405
Participation Threshold per AO LTIP Unit (in dollars per share)		$ 17.76
AO LTIP Units - 2020 Awards | Heath R. Fear
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)		275,675
Participation Threshold per AO LTIP Unit (in dollars per share)		$ 17.76
AO LTIP Units - 2021 Awards | John A. Kite
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)	477,612
Participation Threshold per AO LTIP Unit (in dollars per share)	$ 16.69
AO LTIP Units - 2021 Awards | Thomas A. McGowan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)	149,254
Participation Threshold per AO LTIP Unit (in dollars per share)	$ 16.69
AO LTIP Units - 2021 Awards | Heath R. Fear
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)	119,403
Participation Threshold per AO LTIP Unit (in dollars per share)	$ 16.69

DEFERRED COSTS AND INTANGIBLE_3

DEFERRED COSTS AND INTANGIBLES, NET - Deferred Costs (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Acquired lease intangible assets	$ 567,149	$ 55,352
Deferred leasing costs and other	55,817	57,481
Deferred costs, gross	622,966	112,833
Less: accumulated amortization	(81,448)	(49,662)
Total	$ 541,518	$ 63,171

DEFERRED COSTS AND INTANGIBLE_4

DEFERRED COSTS AND INTANGIBLES, NET - Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2021USD ($)
Finite-Lived Intangible Assets [Line Items]
2022	$ 145,912
2023	96,060
2024	67,313
2025	45,922
2026	45,564
Thereafter	97,657
Total	498,428
Amortization of above-market leases
Finite-Lived Intangible Assets [Line Items]
2022	12,610
2023	10,297
2024	8,461
2025	6,571
2026	6,405
Thereafter	18,155
Total	62,499
Amortization of acquired lease intangible assets
Finite-Lived Intangible Assets [Line Items]
2022	133,302
2023	85,763
2024	58,852
2025	39,351
2026	39,159
Thereafter	79,502
Total	$ 435,929

DEFERRED COSTS AND INTANGIBLE_5

DEFERRED COSTS AND INTANGIBLES, NET - Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Amortization of deferred leasing costs, lease intangibles and other	$ 45,423	$ 13,916	$ 14,239
Amortization of above-market lease intangibles	$ 3,483	$ 999	$ 1,200

DEFERRED REVENUE, INTANGIBLES_3

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
Unamortized in-place lease liabilities	$ 210,261	$ 45,479
Retainages payable and other	10,796	1,943
Tenant rents received in advance	30,125	11,716
Lease liabilities	$ 70,237	$ 26,511
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Total	Total
Total	$ 321,419	$ 85,649
Amortization of below market lease intangibles	$ 6,100	$ 4,800	$ 5,000

DEFERRED REVENUE, INTANGIBLES_4

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES - Aggregate Amortization of Acquired Lease Intangibles (Details) $ in Thousands	Dec. 31, 2021USD ($)
Finite-Lived Intangible Assets [Line Items]
2022	$ 145,912
2023	96,060
2024	67,313
2025	45,922
2026	45,564
Thereafter	97,657
Total	498,428
In-place lease intangibles
Finite-Lived Intangible Assets [Line Items]
2022	18,290
2023	16,668
2024	14,781
2025	12,440
2026	12,517
Thereafter	135,565
Total	$ 210,261

MORTGAGE AND OTHER INDEBTEDNE_3

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Indebtedness (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Gross debt	$ 3,092,225	$ 1,176,076
Unamortized discounts and premiums, net	69,425	1,732
Unamortized debt issuance costs, net	(10,842)	(7,014)
Total debt	3,150,808	1,170,794
Revolving line of credit
Debt Instrument [Line Items]
Gross debt	55,000	25,000
Mortgages payable
Debt Instrument [Line Items]
Gross debt	392,590	351,076
Senior unsecured notes
Debt Instrument [Line Items]
Gross debt	1,924,635	550,000
Unsecured term loans
Debt Instrument [Line Items]
Gross debt	$ 720,000	$ 250,000

MORTGAGE AND OTHER INDEBTEDNE_4

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Weighted Average Maturities and Interest Rates (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Gross debt	$ 3,092,225	$ 1,176,076
Debt discounts, premiums and issuance costs, net	58,583
Total debt	$ 3,150,808	$ 1,170,794
Ratio	100.00%
Weighted Average Interest Rate	3.92%
Weighted Average Maturity (in years)	4 years 7 months 6 days
Fixed rate debt
Debt Instrument [Line Items]
Gross debt	$ 2,853,212
Ratio	92.00%
Weighted Average Interest Rate	4.00%
Weighted Average Maturity (in years)	4 years 7 months 6 days
Fixed rate debt | Variable Rate Debt
Debt Instrument [Line Items]
Total debt	$ 720,000
Weighted Average Maturity (in years)	3 years 2 months 12 days
Variable rate debt
Debt Instrument [Line Items]
Gross debt	$ 239,013
Ratio	8.00%
Weighted Average Interest Rate	3.01%
Weighted Average Maturity (in years)	4 years 2 months 12 days
Variable rate debt | Fixed Rate Debt
Debt Instrument [Line Items]
Total debt	$ 155,000
Weighted Average Maturity (in years)	3 years 8 months 12 days

MORTGAGE AND OTHER INDEBTEDNE_5

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Mortgages Payable (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Participating Mortgage Loans [Line Items]
Gross debt	$ 3,092,225	$ 1,176,076
Weighted Average Interest Rate	3.92%
Weighted Average Maturity (in years)	4 years 7 months 6 days
Mortgages payable
Participating Mortgage Loans [Line Items]
Gross debt	$ 392,590	351,076
Mortgages payable | Fixed Rate Debt
Participating Mortgage Loans [Line Items]
Gross debt	$ 363,577	$ 295,966
Weighted Average Interest Rate	4.13%	4.12%
Weighted Average Maturity (in years)	1 year 8 months 12 days	2 years 1 month 6 days
Mortgages payable | Fixed Rate Debt | Minimum
Participating Mortgage Loans [Line Items]
Interest Rate	3.75%	3.78%
Mortgages payable | Fixed Rate Debt | Maximum
Participating Mortgage Loans [Line Items]
Interest Rate	5.73%	5.73%
Mortgages payable | Variable Rate Debt
Participating Mortgage Loans [Line Items]
Gross debt	$ 29,013	$ 55,110
Weighted Average Interest Rate	1.70%	1.74%
Weighted Average Maturity (in years)	1 month 6 days	1 year 1 month 6 days
Mortgages payable | Variable Rate Debt | London Interbank Offered Rate (LIBOR)
Participating Mortgage Loans [Line Items]
Credit Spread	160.00%
Percentage bearing variable interest	0.10%	0.14%

MORTGAGE AND OTHER INDEBTEDNE_6

MORTGAGE AND OTHER INDEBTEDNESS - Additional Information (Details)	Dec. 22, 2021USD ($)	Oct. 22, 2021USD ($)extension	Oct. 21, 2021USD ($)	Mar. 17, 2021$ / shares	Oct. 25, 2018USD ($)extension	Mar. 31, 2021USD ($)day$ / shares	Dec. 31, 2021USD ($)$ / shares	Dec. 31, 2021USD ($)extension$ / shares	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Sep. 30, 2021
Debt Instrument [Line Items]
Net proceeds from offering								$ 215,000,000	$ 325,000,000	$ 75,000,000
Purchase of capped calls								9,800,000
Letters of credit outstanding							$ 1,500,000	1,500,000
Letters of credit outstanding, amount advanced							0	0
Gross debt							3,092,225,000	3,092,225,000	1,176,076,000
Interest costs capitalized								1,600,000	1,500,000	1,900,000
Percentage bearing fixed interest, amount							2,300,000,000	2,300,000,000
Percentage bearing variable interest, amount							804,000,000	804,000,000
Real Estate Asset Acquisition
Debt Instrument [Line Items]
Debt assumed in asset acquisition								3,578,000	0	0
Retail Properties of America, Inc.
Debt Instrument [Line Items]
Debt assumed in merger							1,848,476,000	1,848,476,000
Kite Realty Group, L.P.
Debt Instrument [Line Items]
Net proceeds from offering								215,000,000	325,000,000	$ 75,000,000
Purchase of capped calls								$ 9,800,000
Revolving line of credit
Debt Instrument [Line Items]
Number of extensions | extension								2
Extension period								6 months
Gross debt							55,000,000	$ 55,000,000	25,000,000
Revolving line of credit | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Reduction of interest rate margin upon achievement of sustainability metric								0.0001
Revolving line of credit | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 850,000,000	$ 600,000,000				850,000,000	$ 850,000,000
Number of extensions | extension		2						2
Extension period		6 months						6 months
Line of credit facility, option to increase maximum borrowing capacity							$ 1,600,000,000	$ 1,600,000,000
Maximum leverage ratio							0.60	0.60
Maximum leverage ratio with material acquisition							0.65	0.65
Number of leverage ratio extensions | extension								2
Minimum coverage ratio							1.50	1.50
Maximum ratio of indebtedness to asset value							0.45	0.45
Maximum ratio of unsecured debt to the value of a pool of unencumbered properties							0.60	0.60
Maximum ratio with material acquisition, of unsecured debt to the value of a pool of unencumbered properties							0.65	0.65
Number of extensions for ratio of unsecured debt to the value of a pool of unencumbered properties | extension								2
Minimum ratio of net operating income attributable to a pool of unencumbered properties to unsecured debt interest expense							1.75	1.75
Revolving line of credit | Kite Realty Group, L.P. | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Credit Spread			1.05%
Revolving line of credit | Kite Realty Group, L.P. | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Credit Spread			1.50%
Unsecured term loans
Debt Instrument [Line Items]
Repayments of debt								$ 2,700,000
Gross debt							$ 720,000,000	720,000,000	250,000,000
Unsecured term loans | Kite Realty Group, L.P. | Retail Properties of America, Inc.
Debt Instrument [Line Items]
Debt assumed in merger		$ 470,000,000
Mortgages payable
Debt Instrument [Line Items]
Gross debt							392,590,000	392,590,000	351,076,000
Mortgages payable | Real Estate Asset Acquisition
Debt Instrument [Line Items]
Debt assumed in asset acquisition	$ 3,600,000
Interest Rate	3.80%
Mortgages payable | Retail Properties of America, Inc.
Debt Instrument [Line Items]
Debt assumed in merger		90,700,000
Repayment of debt assumed							24,100,000
Mortgages payable | Retail Properties of America, Inc. | Fair Value, Nonrecurring
Debt Instrument [Line Items]
Fair market value adjustments to debt assumed		600,000
Senior unsecured notes
Debt Instrument [Line Items]
Gross debt							$ 1,924,635,000	1,924,635,000	550,000,000
Senior Exchangeable Notes
Debt Instrument [Line Items]
Interest Rate											0.75%
Net proceeds from offering						$ 169,700,000
Interest expense								$ 1,600,000
Conversion price (in USD per share) | $ / shares							$ 25.21	$ 25.21
Exchange premium, percent of closing price						25.00%
Senior Exchangeable Notes | Common Shares
Debt Instrument [Line Items]
Common stock closing price (in USD per share) | $ / shares				$ 20.17
Senior Exchangeable Notes | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Interest Rate						0.75%
Redemption price, percentage						100.00%
Principal amount of debt issued						$ 175,000,000
Percentage of exchange price								130.00%
Trading days | day						20
Consecutive trading days | day						30
Private Placement Notes | Senior unsecured notes | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Redemption price, percentage								100.00%
Private Placement Notes | Senior unsecured notes | Kite Realty Group, L.P. | Minimum
Debt Instrument [Line Items]
Minimum percentage of principal amount available to be redeemed								5.00%
Private Placement Notes | Senior unsecured notes | Kite Realty Group, L.P. | Retail Properties of America, Inc.
Debt Instrument [Line Items]
Debt assumed in merger		450,000,000
Public Placement Notes | Senior unsecured notes | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Redemption price, percentage								100.00%
Redemption period, prior to maturity date								3 months
Public Placement Notes | Senior unsecured notes | Kite Realty Group, L.P. | Retail Properties of America, Inc.
Debt Instrument [Line Items]
Debt assumed in merger		$ 750,000,000
Capped Call | Senior Exchangeable Notes | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Exchange premium, percent of closing price						50.00%
Exchange price (in USD per share) | $ / shares						$ 30.26
Purchase of capped calls								$ 9,800,000
Unsecured term loan due 2024 - fixed rate | Unsecured term loans
Debt Instrument [Line Items]
Gross debt							$ 120,000,000	$ 120,000,000	0
Percentage bearing fixed interest							1.68%	1.68%
Unsecured term loan due 2024 - fixed rate | Unsecured term loans | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Credit Spread								1.20%
Unsecured term loan due 2024 - fixed rate | Unsecured term loans | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Credit Spread								1.70%
Unsecured term loan due 2024 - fixed rate | Unsecured term loans | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt							$ 120,000,000	$ 120,000,000
Gross debt, option to increase							250,000,000	250,000,000
Unsecured term loan due 2026 - fixed rate | Unsecured term loans
Debt Instrument [Line Items]
Gross debt							$ 150,000,000	$ 150,000,000	0
Percentage bearing fixed interest							1.77%	1.77%
Unsecured term loan due 2026 - fixed rate | Unsecured term loans | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Credit Spread								1.20%
Unsecured term loan due 2026 - fixed rate | Unsecured term loans | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Credit Spread								1.70%
Unsecured term loan due 2026 - fixed rate | Unsecured term loans | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt							$ 150,000,000	$ 150,000,000
Gross debt, option to increase							250,000,000	$ 250,000,000
Unsecured term loan due 2026 - fixed rate | Unsecured term loans | Kite Realty Group, L.P. | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Reduction of interest rate margin upon achievement of sustainability metric								0.0001
Unsecured term loan due 2023 - fixed rate | Unsecured term loans
Debt Instrument [Line Items]
Gross debt							$ 200,000,000	$ 200,000,000	0
Percentage bearing fixed interest							2.85%	2.85%
Unsecured term loan due 2023 - fixed rate | Unsecured term loans | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Credit Spread								1.20%
Unsecured term loan due 2023 - fixed rate | Unsecured term loans | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Credit Spread								1.85%
Unsecured term loan due 2023 - fixed rate | Unsecured term loans | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt							$ 200,000,000	$ 200,000,000
Gross debt, option to increase							300,000,000	$ 300,000,000
Term Loan Due October 2025 | Unsecured term loans
Debt Instrument [Line Items]
Number of extensions | extension								3
Extension period								1 year
Gross debt							$ 250,000,000	$ 250,000,000	250,000,000
Percentage bearing fixed interest							5.09%	5.09%
Term Loan Due October 2025 | Unsecured term loans | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity					$ 250,000,000
Number of extensions | extension					3
Extension period					1 year
Line of credit facility, option to increase maximum borrowing capacity					$ 300,000,000
Fixed Rate Debt
Debt Instrument [Line Items]
Long-term debt, fair value							$ 2,400,000,000	$ 2,400,000,000
Fixed Rate Debt | Minimum
Debt Instrument [Line Items]
Percentage bearing fixed interest							2.90%	2.90%
Fixed Rate Debt | Maximum
Debt Instrument [Line Items]
Percentage bearing fixed interest							4.40%	4.40%
Fixed Rate Debt | Mortgages payable
Debt Instrument [Line Items]
Gross debt							$ 363,577,000	$ 363,577,000	$ 295,966,000
Fixed Rate Debt | Mortgages payable | Minimum
Debt Instrument [Line Items]
Interest Rate							3.75%	3.75%	3.78%
Fixed Rate Debt | Mortgages payable | Maximum
Debt Instrument [Line Items]
Interest Rate							5.73%	5.73%	5.73%
Fixed Rate Debt | Senior Exchangeable Notes
Debt Instrument [Line Items]
Exchangeable conversion ratio						0.0396628
Variable Rate Debt
Debt Instrument [Line Items]
Long-term debt, fair value							$ 806,400,000	$ 806,400,000
Variable Rate Debt | Minimum
Debt Instrument [Line Items]
Percentage bearing fixed interest							1.20%	1.20%
Variable Rate Debt | Maximum
Debt Instrument [Line Items]
Percentage bearing fixed interest							3.60%	3.60%
Variable Rate Debt | Mortgages payable
Debt Instrument [Line Items]
Repayments of debt								$ 25,400,000
Gross debt							$ 29,013,000	$ 29,013,000	$ 55,110,000
Variable Rate Debt | Mortgages payable | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Credit Spread								160.00%

MORTGAGE AND OTHER INDEBTEDNE_7

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Senior Unsecured Notes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Gross debt	$ 3,092,225		$ 1,176,076
Senior unsecured notes
Debt Instrument [Line Items]
Gross debt	1,924,635		550,000
Senior unsecured notes | Senior notes – 4.23% due 2023
Debt Instrument [Line Items]
Gross debt	$ 95,000		$ 95,000
Effective interest rate	4.23%		4.23%
Senior unsecured notes | Senior notes - 4.58% due 2024
Debt Instrument [Line Items]
Gross debt	$ 149,635		$ 0
Effective interest rate	4.58%		0.00%
Senior unsecured notes | Senior notes - 4.00% due 2025
Debt Instrument [Line Items]
Gross debt	$ 350,000		$ 0
Effective interest rate	4.00%		0.00%
Senior unsecured notes | Senior notes - LIBOR + 3.65% due 2025
Debt Instrument [Line Items]
Gross debt	$ 80,000		$ 80,000
Effective interest rate	3.75%		4.47%
Interest Rate	4.47%
Senior unsecured notes | Senior notes - LIBOR + 3.65% due 2025 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Credit Spread	3.65%
Senior unsecured notes | Senior notes - 4.08% due 2026
Debt Instrument [Line Items]
Gross debt	$ 100,000		$ 0
Effective interest rate	4.08%		0.00%
Senior unsecured notes | Senior notes – 4.00% due 2026
Debt Instrument [Line Items]
Gross debt	$ 300,000		$ 300,000
Effective interest rate	4.00%		4.00%
Senior unsecured notes | Senior notes - LIBOR + 3.75% due 2027
Debt Instrument [Line Items]
Gross debt	$ 75,000		$ 75,000
Effective interest rate	3.85%		4.57%
Interest Rate	4.57%
Senior unsecured notes | Senior notes - LIBOR + 3.75% due 2027 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Credit Spread	3.75%
Senior unsecured notes | Senior notes - 4.24% due 2028
Debt Instrument [Line Items]
Gross debt	$ 100,000		$ 0
Effective interest rate	4.24%		0.00%
Senior unsecured notes | Senior notes - 4.82% due 2029
Debt Instrument [Line Items]
Gross debt	$ 100,000		$ 0
Effective interest rate	4.82%		0.00%
Senior unsecured notes | Senior notes - 4.75% due 2030
Debt Instrument [Line Items]
Gross debt	$ 400,000		$ 0
Effective interest rate	4.75%		0.00%
Senior Exchangeable Notes
Debt Instrument [Line Items]
Interest Rate		0.75%
Senior Exchangeable Notes | Senior exchangeable notes – 0.75% due 2027
Debt Instrument [Line Items]
Gross debt	$ 175,000		$ 0
Effective interest rate	0.75%		0.00%

MORTGAGE AND OTHER INDEBTEDNE_8

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Term Loans and Revolving Lines of Credit (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)extension	Dec. 31, 2020USD ($)
Debt Instrument [Line Items]
Gross debt	$ 3,092,225	$ 1,176,076
Unsecured credit facility revolving line of credit - variable rate
Debt Instrument [Line Items]
Gross debt	$ 55,000	$ 25,000
Effective interest rate	1.20%	1.29%
Number of extensions | extension	2
Extension period	6 months
Extension fee percentage	0.00075
Unsecured term loans
Debt Instrument [Line Items]
Gross debt	$ 720,000	$ 250,000
Unsecured term loans | Unsecured term loan due 2023 - fixed rate
Debt Instrument [Line Items]
Gross debt	$ 200,000	$ 0
Effective interest rate	4.10%	0.00%
Percentage bearing fixed interest	2.85%
Unsecured term loans | Unsecured term loan due 2023 - fixed rate | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Percentage bearing variable interest	1.25%
Unsecured term loans | Unsecured term loan due 2023 - fixed rate | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Credit Spread	1.20%
Unsecured term loans | Unsecured term loan due 2024 - fixed rate
Debt Instrument [Line Items]
Gross debt	$ 120,000	$ 0
Effective interest rate	2.88%	0.00%
Percentage bearing fixed interest	1.68%
Unsecured term loans | Unsecured term loan due 2024 - fixed rate | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Percentage bearing variable interest	1.20%
Unsecured term loans | Unsecured term loan due 2024 - fixed rate | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Credit Spread	1.20%
Unsecured term loans | Unsecured term loan due 2025 - fixed rate
Debt Instrument [Line Items]
Gross debt	$ 250,000	$ 250,000
Effective interest rate	5.09%	2.14%
Percentage bearing fixed interest	5.09%
Number of extensions | extension	3
Extension period	1 year
Unsecured term loans | Unsecured term loan due 2026 - fixed rate
Debt Instrument [Line Items]
Gross debt	$ 150,000	$ 0
Effective interest rate	2.97%	0.00%
Percentage bearing fixed interest	1.77%
Unsecured term loans | Unsecured term loan due 2026 - fixed rate | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Percentage bearing variable interest	1.20%
Unsecured term loans | Unsecured term loan due 2026 - fixed rate | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Credit Spread	1.20%

MORTGAGE AND OTHER INDEBTEDNE_9

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Revolving Facility Key Terms (Details) - Revolving line of credit	Oct. 22, 2021USD ($)extension	Oct. 21, 2021USD ($)	Dec. 31, 2021USD ($)extension
Line of Credit Facility [Line Items]
Number of extensions			2
Extension period			6 months
Extension fee percentage			0.00075
Kite Realty Group, L.P.
Line of Credit Facility [Line Items]
$850,000 unsecured revolving line of credit | $	$ 850,000,000	$ 600,000,000	$ 850,000,000
Number of extensions	2		2
Extension period	6 months		6 months
Extension fee percentage			0.00075
Kite Realty Group, L.P. | Minimum | Leverage-Based Pricing
Line of Credit Facility [Line Items]
Facility Fee			0.15%
Kite Realty Group, L.P. | Minimum | Investment Grade Pricing
Line of Credit Facility [Line Items]
Facility Fee			0.125%
Kite Realty Group, L.P. | Minimum | London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Credit Spread		1.05%
Kite Realty Group, L.P. | Minimum | London Interbank Offered Rate (LIBOR) | Leverage-Based Pricing
Line of Credit Facility [Line Items]
Credit Spread			1.05%
Kite Realty Group, L.P. | Minimum | London Interbank Offered Rate (LIBOR) | Investment Grade Pricing
Line of Credit Facility [Line Items]
Credit Spread			0.725%
Kite Realty Group, L.P. | Maximum | Leverage-Based Pricing
Line of Credit Facility [Line Items]
Facility Fee			0.30%
Kite Realty Group, L.P. | Maximum | Investment Grade Pricing
Line of Credit Facility [Line Items]
Facility Fee			0.30%
Kite Realty Group, L.P. | Maximum | London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Credit Spread		1.50%
Kite Realty Group, L.P. | Maximum | London Interbank Offered Rate (LIBOR) | Leverage-Based Pricing
Line of Credit Facility [Line Items]
Credit Spread			1.50%
Kite Realty Group, L.P. | Maximum | London Interbank Offered Rate (LIBOR) | Investment Grade Pricing
Line of Credit Facility [Line Items]
Credit Spread			1.40%

MORTGAGE AND OTHER INDEBTEDN_10

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Unsecured Term Loan Key Terms (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Gross debt	$ 3,092,225	$ 1,176,076
Unsecured term loans
Debt Instrument [Line Items]
Gross debt	720,000	250,000
Unsecured term loans | $200,000 unsecured term loan due 2023
Debt Instrument [Line Items]
Gross debt	$ 200,000	0
Unsecured term loans | $200,000 unsecured term loan due 2023 | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Credit Spread	1.20%
Unsecured term loans | $200,000 unsecured term loan due 2023 | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Credit Spread	1.85%
Unsecured term loans | $200,000 unsecured term loan due 2023 | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt	$ 200,000
Unsecured term loans | $200,000 unsecured term loan due 2023 | Kite Realty Group, L.P. | Minimum | London Interbank Offered Rate (LIBOR) | Leverage-Based Pricing
Debt Instrument [Line Items]
Credit Spread	1.20%
Unsecured term loans | $200,000 unsecured term loan due 2023 | Kite Realty Group, L.P. | Minimum | London Interbank Offered Rate (LIBOR) | Investment Grade Pricing
Debt Instrument [Line Items]
Credit Spread	0.85%
Unsecured term loans | $200,000 unsecured term loan due 2023 | Kite Realty Group, L.P. | Maximum | London Interbank Offered Rate (LIBOR) | Leverage-Based Pricing
Debt Instrument [Line Items]
Credit Spread	1.85%
Unsecured term loans | $200,000 unsecured term loan due 2023 | Kite Realty Group, L.P. | Maximum | London Interbank Offered Rate (LIBOR) | Investment Grade Pricing
Debt Instrument [Line Items]
Credit Spread	1.65%
Unsecured term loans | $120,000 unsecured term loan due 2024
Debt Instrument [Line Items]
Gross debt	$ 120,000	0
Unsecured term loans | $120,000 unsecured term loan due 2024 | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Credit Spread	1.20%
Unsecured term loans | $120,000 unsecured term loan due 2024 | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Credit Spread	1.70%
Unsecured term loans | $120,000 unsecured term loan due 2024 | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt	$ 120,000
Unsecured term loans | $120,000 unsecured term loan due 2024 | Kite Realty Group, L.P. | Minimum | London Interbank Offered Rate (LIBOR) | Leverage-Based Pricing
Debt Instrument [Line Items]
Credit Spread	1.20%
Unsecured term loans | $120,000 unsecured term loan due 2024 | Kite Realty Group, L.P. | Minimum | London Interbank Offered Rate (LIBOR) | Investment Grade Pricing
Debt Instrument [Line Items]
Credit Spread	0.80%
Unsecured term loans | $120,000 unsecured term loan due 2024 | Kite Realty Group, L.P. | Maximum | London Interbank Offered Rate (LIBOR) | Leverage-Based Pricing
Debt Instrument [Line Items]
Credit Spread	1.70%
Unsecured term loans | $120,000 unsecured term loan due 2024 | Kite Realty Group, L.P. | Maximum | London Interbank Offered Rate (LIBOR) | Investment Grade Pricing
Debt Instrument [Line Items]
Credit Spread	1.65%
Unsecured term loans | $150,000 unsecured term loan due 2026
Debt Instrument [Line Items]
Gross debt	$ 150,000	$ 0
Unsecured term loans | $150,000 unsecured term loan due 2026 | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Credit Spread	1.20%
Unsecured term loans | $150,000 unsecured term loan due 2026 | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Credit Spread	1.70%
Unsecured term loans | $150,000 unsecured term loan due 2026 | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt	$ 150,000
Unsecured term loans | $150,000 unsecured term loan due 2026 | Kite Realty Group, L.P. | Minimum | London Interbank Offered Rate (LIBOR) | Leverage-Based Pricing
Debt Instrument [Line Items]
Credit Spread	1.20%
Unsecured term loans | $150,000 unsecured term loan due 2026 | Kite Realty Group, L.P. | Minimum | London Interbank Offered Rate (LIBOR) | Investment Grade Pricing
Debt Instrument [Line Items]
Credit Spread	0.75%
Unsecured term loans | $150,000 unsecured term loan due 2026 | Kite Realty Group, L.P. | Maximum | London Interbank Offered Rate (LIBOR) | Leverage-Based Pricing
Debt Instrument [Line Items]
Credit Spread	1.70%
Unsecured term loans | $150,000 unsecured term loan due 2026 | Kite Realty Group, L.P. | Maximum | London Interbank Offered Rate (LIBOR) | Investment Grade Pricing
Debt Instrument [Line Items]
Credit Spread	1.60%

MORTGAGE AND OTHER INDEBTEDN_11

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Debt Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt Disclosure [Abstract]
Amortization of debt issuance costs	$ 2,681	$ 2,135	$ 2,762

MORTGAGE AND OTHER INDEBTEDN_12

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Debt Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Scheduled Principal Payments
2022	$ 3,674
2023	2,600
2024	2,721
2025	2,848
2026	2,981
Thereafter	30,181
Scheduled Principal Payments	45,005
Term Maturities
2022	153,500
2023	191,605
2024	0
2025	0
2026	0
Thereafter	2,480
Term Maturities	347,585
Unsecured Debt
2022	0
2023	295,000
2024	269,635
2025	430,000
2026	605,000
Thereafter	1,100,000
Unsecured Debt	2,699,635
Long-term Debt, Fiscal Year Maturity [Abstract]
2022	157,174
2023	489,205
2024	272,356
2025	432,848
2026	607,981
Thereafter	1,132,661
Gross debt	3,092,225	$ 1,176,076
Debt discounts, premiums and issuance costs, net	58,583
Total debt	$ 3,150,808	$ 1,170,794

DERIVATIVE INSTRUMENTS, HEDGI_2

DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)derivativeContract	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Apr. 30, 2021USD ($)derivativeContract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Average cap interest rate	3.72%
Interest rate fair value hedge liability at fair value	$ 35,700	$ 32,100
Gain (loss) reclassified to earnings	(7,700)		$ 600
Gain (loss) reclassified to earnings		4,000
Interest expense	60,447	50,399	$ 59,268
Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 150,000			$ 155,000
Number of interest rate swap contracts | derivativeContract	2			2
Blended fixed interest rate	1.356%			4.52%
Interest rate fair value hedge asset at fair value	$ 300
Interest Rate Swap | London Interbank Offered Rate (LIBOR)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Blending floating interest rate of LIBOR				3.70%
Increase as Hedged Forecasted Interest Payments Occur
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest expense	8,300
Accrued Interest
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate fair value hedge liability at fair value	1,000	$ 400
Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	720,000
Cash Flow Hedging | Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 470,000

LEASE INFORMATION - Lease Renta

LEASE INFORMATION - Lease Rental Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Fixed contractual lease payments – operating leases	$ 292,873	$ 218,004	$ 244,666
Variable lease payments – operating leases	69,422	52,128	61,368
Bad debt recovery (reserve)	(2,897)	(13,259)	(3,620)
Straight-line rent adjustment	4,674	1,155	3,362
Straight-line rent recovery (reserve) for uncollectibility	716	(4,177)	(1,153)
Amortization of in-place lease liabilities, net	2,611	3,819	3,776
Total	$ 367,399	$ 257,670	$ 308,399

LEASE INFORMATION - Additional

LEASE INFORMATION - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)alease	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Oct. 22, 2021lease
Operating Leased Assets [Line Items]
Operating lease, term of contract	4 years 10 months 24 days
Operating leases, earned overage rent revenue	$ 0.8	$ 0.2
Operating leases, earned overage rent revenue			$ 1.3
Amount of rent deferred	$ 2.9	6.1
Number of properties subject to lease | lease	12
Area of land (in acres) | a	98
Weighted-average remaining term of ground leases	35 years 7 months 6 days
Rent expense	$ 2.8	1.9
Rent expense			1.8
Operating lease payments	$ 2.6	$ 1.8	$ 1.7
Retail Properties of America, Inc.
Operating Leased Assets [Line Items]
Number of properties subject to lease | lease				3
Minimum
Operating Leased Assets [Line Items]
Extension option	5 years
Length of extension option	20 years
Maximum
Operating Leased Assets [Line Items]
Extension option	10 years
Length of extension option	25 years

LEASE INFORMATION - Future Mini

LEASE INFORMATION - Future Minimum Rentals (Details) $ in Thousands	Dec. 31, 2021USD ($)
Leases [Abstract]
2022	$ 589,763
2023	540,899
2024	474,392
2025	405,830
2026	339,723
Thereafter	1,782,554
Total	$ 4,133,161

LEASE INFORMATION - Future Mi_2

LEASE INFORMATION - Future Minimum Lease Payments Due (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
2022	$ 4,986
2023	4,811
2024	4,776
2025	4,900
2026	4,905
Thereafter	115,528
Total	139,906
Adjustment for discounting	(69,669)
Lease liabilities	$ 70,237	$ 26,511

SHAREHOLDERS_ EQUITY (Details)

SHAREHOLDERS’ EQUITY (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Feb. 28, 2021	Feb. 23, 2021
Subsidiary, Sale of Stock [Line Items]
Dividends declared per common share (in dollars per share)	$ 0.19	$ 0.68	$ 0.4495	$ 1.27
Common shares, par value (in USD per share)	$ 0.01	$ 0.01	$ 0.01
Aggregate value of shares authorized to be repurchased					$ 150
Number of shares repurchased (in shares)		0
Private Placement
Subsidiary, Sale of Stock [Line Items]
Aggregate sales price of shares authorized to be sold under offering program						$ 150
Common shares, par value (in USD per share)						$ 0.01
Shares sold under under offing program (in shares)		0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)	Aug. 27, 2021complaint	Oct. 08, 2021lawsuit	Dec. 31, 2021USD ($)	Dec. 31, 2018USD ($)
Loss Contingencies [Line Items]
Letters of credit outstanding			$ 1,500,000
Letters of credit outstanding, amount advanced			0
Pending Litigation
Loss Contingencies [Line Items]
Number of claims filed | complaint	1
Pending Litigation | Retail Properties of America, Inc.
Loss Contingencies [Line Items]
Number of claims filed	2	4
Payment Guarantee
Loss Contingencies [Line Items]
Current value of obligation			5,900,000
Payment Guarantee | Construction Contracts
Loss Contingencies [Line Items]
Current value of obligation			11,800,000
Co-venturer
Loss Contingencies [Line Items]
Construction loan payable			$ 33,600,000
Embassy Suites Joint Venture
Loss Contingencies [Line Items]
Ownership percentage in equity method investment			35.00%	35.00%
Embassy Suites Joint Venture | Co-venturer
Loss Contingencies [Line Items]
Construction loan payable			$ 33,600,000
Embassy Suites Joint Venture | Construction Loans
Loss Contingencies [Line Items]
Line of credit facility, maximum borrowing capacity				$ 33,800,000

RELATED PARTIES AND RELATED P_2

RELATED PARTIES AND RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	$ 0.3	$ 0.5	$ 0.8
Entities Owned by Members of Management
Related Party Transaction [Line Items]
Revenue from related parties	$ 0.1	$ 0.1	$ 0.1

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) $ in Millions	2 Months Ended
	Feb. 25, 2022USD ($)ft²shares	Dec. 31, 2021a
Subsequent Event [Line Items]
Area of land (in sq ft) | a		98
Subsequent Event | LTIP Units | Named Executive Officers
Subsequent Event [Line Items]
Shares granted (in shares) | shares	363,883
Service period	3 years
Performance component, cumulative annualized net operating income for executed new leases	0.60
Performance component, post-merger cash general and administrative expense synergies	0.20
Performance component, same property net operating income margin improvement	0.20
Vesting percentage	25.00%
Subsequent Event | Mortgages payable
Subsequent Event [Line Items]
Repayments of debt	$ 41.2
Subsequent Event | Pebble Marketplace Property
Subsequent Event [Line Items]
Area of land (in sq ft) | ft²	85,796
Gross purchase price	$ 44.1
Subsequent Event | Disposed of by sale | Hamilton Crossing Centre
Subsequent Event [Line Items]
Consideration received	$ 6.9

Schedule III - Consolidated R_2

Schedule III - Consolidated Real Estate and Accumulated Depreciation - Consolidated Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Real Estate Properties [Line Items]
Encumbrances	$ 3,092,225
Initial cost, land	2,011,747
Initial cost, building & improvements	5,289,995
Costs capitalized subsequent to acquisition/development, land	8,242
Costs capitalized subsequent to acquisition/development, buildings and improvements	274,750
Gross carry amount close of period, land	2,019,989
Gross carry amount close of period, building and improvements	5,564,746
Total	7,584,735	$ 3,136,982	$ 3,079,616	$ 3,633,376
Accumulated Depreciation	879,306	$ 750,119	$ 661,546	$ 695,012
Operating Properties
Real Estate Properties [Line Items]
Encumbrances	392,590
Initial cost, land	1,811,198
Initial cost, building & improvements	4,964,973
Costs capitalized subsequent to acquisition/development, land	8,448
Costs capitalized subsequent to acquisition/development, buildings and improvements	221,867
Gross carry amount close of period, land	1,819,646
Gross carry amount close of period, building and improvements	5,186,840
Total	7,006,486
Accumulated Depreciation	795,510
Operating Properties | 12th Street Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,624
Initial cost, building & improvements	12,691
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	964
Gross carry amount close of period, land	2,624
Gross carry amount close of period, building and improvements	13,655
Total	16,279
Accumulated Depreciation	4,897
Operating Properties | 54th & College
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,672
Initial cost, building & improvements	0
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	2,672
Gross carry amount close of period, building and improvements	0
Total	2,672
Accumulated Depreciation	0
Operating Properties | Arcadia Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,487
Initial cost, building & improvements	10,911
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	8,487
Gross carry amount close of period, building and improvements	10,911
Total	19,398
Accumulated Depreciation	178
Operating Properties | Ashland & Roosevelt
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,932
Initial cost, building & improvements	25,714
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	9,932
Gross carry amount close of period, building and improvements	25,714
Total	35,646
Accumulated Depreciation	405
Operating Properties | Avondale Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,661
Initial cost, building & improvements	10,269
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	6,661
Gross carry amount close of period, building and improvements	10,269
Total	16,930
Accumulated Depreciation	135
Operating Properties | Bayonne Crossing
Real Estate Properties [Line Items]
Encumbrances	41,249
Initial cost, land	47,809
Initial cost, building & improvements	43,840
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,008
Gross carry amount close of period, land	47,809
Gross carry amount close of period, building and improvements	44,848
Total	92,657
Accumulated Depreciation	14,203
Operating Properties | Bayport Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,005
Initial cost, building & improvements	20,776
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	4,600
Gross carry amount close of period, land	7,005
Gross carry amount close of period, building and improvements	25,376
Total	32,381
Accumulated Depreciation	9,061
Operating Properties | Bed Bath & Beyond Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,602
Initial cost, building & improvements	13,041
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	4,602
Gross carry amount close of period, building and improvements	13,041
Total	17,643
Accumulated Depreciation	202
Operating Properties | Belle Isle Station
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,130
Initial cost, building & improvements	41,145
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	6,447
Gross carry amount close of period, land	9,130
Gross carry amount close of period, building and improvements	47,592
Total	56,722
Accumulated Depreciation	14,932
Operating Properties | Bridgewater Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,407
Initial cost, building & improvements	8,533
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,244
Gross carry amount close of period, land	3,407
Gross carry amount close of period, building and improvements	9,776
Total	13,183
Accumulated Depreciation	4,045
Operating Properties | Burlington
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	2,773
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	29
Gross carry amount close of period, land	0
Gross carry amount close of period, building and improvements	2,802
Total	2,802
Accumulated Depreciation	2,420
Operating Properties | Castleton Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,761
Initial cost, building & improvements	28,052
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	947
Gross carry amount close of period, land	9,761
Gross carry amount close of period, building and improvements	28,999
Total	38,760
Accumulated Depreciation	9,381
Operating Properties | Cedar Park Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,107
Initial cost, building & improvements	16,658
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	9,107
Gross carry amount close of period, building and improvements	16,658
Total	25,765
Accumulated Depreciation	205
Operating Properties | Centennial Center
Real Estate Properties [Line Items]
Encumbrances	70,455
Initial cost, land	58,960
Initial cost, building & improvements	72,626
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	5,910
Gross carry amount close of period, land	58,960
Gross carry amount close of period, building and improvements	78,537
Total	137,497
Accumulated Depreciation	29,855
Operating Properties | Centennial Gateway
Real Estate Properties [Line Items]
Encumbrances	23,962
Initial cost, land	5,305
Initial cost, building & improvements	48,587
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	807
Gross carry amount close of period, land	5,305
Gross carry amount close of period, building and improvements	49,394
Total	54,699
Accumulated Depreciation	14,319
Operating Properties | Central Texas Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	13,339
Initial cost, building & improvements	32,784
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	13,339
Gross carry amount close of period, building and improvements	32,784
Total	46,123
Accumulated Depreciation	582
Operating Properties | Centre at Laurel
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,998
Initial cost, building & improvements	31,674
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	5,998
Gross carry amount close of period, building and improvements	31,674
Total	37,672
Accumulated Depreciation	429
Operating Properties | Centre Point Commons
Real Estate Properties [Line Items]
Encumbrances	14,410
Initial cost, land	2,918
Initial cost, building & improvements	22,310
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	362
Gross carry amount close of period, land	2,918
Gross carry amount close of period, building and improvements	22,672
Total	25,590
Accumulated Depreciation	6,691
Operating Properties | Chantilly Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,941
Initial cost, building & improvements	18,482
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	11,941
Gross carry amount close of period, building and improvements	18,482
Total	30,423
Accumulated Depreciation	257
Operating Properties | Chapel Hill Shopping Center
Real Estate Properties [Line Items]
Encumbrances	18,250
Initial cost, land	0
Initial cost, building & improvements	35,046
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,947
Gross carry amount close of period, land	0
Gross carry amount close of period, building and improvements	36,993
Total	36,993
Accumulated Depreciation	11,225
Operating Properties | City Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	20,565
Initial cost, building & improvements	179,992
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	4,762
Gross carry amount close of period, land	20,565
Gross carry amount close of period, building and improvements	184,754
Total	205,319
Accumulated Depreciation	53,930
Operating Properties | Clearlake Shores Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,899
Initial cost, building & improvements	6,936
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	3,899
Gross carry amount close of period, building and improvements	6,936
Total	10,835
Accumulated Depreciation	106
Operating Properties | Coal Creek Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,119
Initial cost, building & improvements	12,507
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	4,119
Gross carry amount close of period, building and improvements	12,507
Total	16,626
Accumulated Depreciation	222
Operating Properties | Cobblestone Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,374
Initial cost, building & improvements	44,828
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	2,977
Gross carry amount close of period, land	10,374
Gross carry amount close of period, building and improvements	47,805
Total	58,179
Accumulated Depreciation	15,355
Operating Properties | Colleyville Downs
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,446
Initial cost, building & improvements	38,482
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	2,507
Gross carry amount close of period, land	5,446
Gross carry amount close of period, building and improvements	40,989
Total	46,435
Accumulated Depreciation	15,202
Operating Properties | Colonial Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,521
Initial cost, building & improvements	18,647
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	2,202
Gross carry amount close of period, land	7,521
Gross carry amount close of period, building and improvements	20,849
Total	28,370
Accumulated Depreciation	5,786
Operating Properties | Colony Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	20,442
Initial cost, building & improvements	19,772
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	20,442
Gross carry amount close of period, building and improvements	19,772
Total	40,214
Accumulated Depreciation	363
Operating Properties | Commons at Temecula
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	18,514
Initial cost, building & improvements	41,898
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	18,514
Gross carry amount close of period, building and improvements	41,898
Total	60,412
Accumulated Depreciation	706
Operating Properties | Cool Creek Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,062
Initial cost, building & improvements	13,408
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	4,243
Gross carry amount close of period, land	6,062
Gross carry amount close of period, building and improvements	17,651
Total	23,713
Accumulated Depreciation	7,935
Operating Properties | Cool Springs Market
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	12,644
Initial cost, building & improvements	22,737
Costs capitalized subsequent to acquisition/development, land	40
Costs capitalized subsequent to acquisition/development, buildings and improvements	7,253
Gross carry amount close of period, land	12,684
Gross carry amount close of period, building and improvements	29,990
Total	42,674
Accumulated Depreciation	11,694
Operating Properties | Coppell Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,115
Initial cost, building & improvements	11,349
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	5,115
Gross carry amount close of period, building and improvements	11,349
Total	16,464
Accumulated Depreciation	189
Operating Properties | Coram Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,877
Initial cost, building & improvements	19,148
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	2
Gross carry amount close of period, land	6,877
Gross carry amount close of period, building and improvements	19,150
Total	26,027
Accumulated Depreciation	280
Operating Properties | Crossing at Killingly Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	21,999
Initial cost, building & improvements	34,968
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	395
Gross carry amount close of period, land	21,999
Gross carry amount close of period, building and improvements	35,362
Total	57,361
Accumulated Depreciation	11,830
Operating Properties | Cypress Mill Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,378
Initial cost, building & improvements	10,003
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	6,378
Gross carry amount close of period, building and improvements	10,003
Total	16,381
Accumulated Depreciation	147
Operating Properties | Davis Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,005
Initial cost, building & improvements	8,858
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	1,005
Gross carry amount close of period, building and improvements	8,858
Total	9,863
Accumulated Depreciation	123
Operating Properties | Delray Marketplace
Real Estate Properties [Line Items]
Encumbrances	29,013
Initial cost, land	18,750
Initial cost, building & improvements	88,217
Costs capitalized subsequent to acquisition/development, land	1,284
Costs capitalized subsequent to acquisition/development, buildings and improvements	7,635
Gross carry amount close of period, land	20,034
Gross carry amount close of period, building and improvements	95,852
Total	115,886
Accumulated Depreciation	27,910
Operating Properties | Denton Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,354
Initial cost, building & improvements	38,907
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	8,354
Gross carry amount close of period, building and improvements	38,907
Total	47,261
Accumulated Depreciation	604
Operating Properties | De Pauw University Bookstore & Cafe
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	64
Initial cost, building & improvements	663
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	45
Gross carry amount close of period, land	64
Gross carry amount close of period, building and improvements	708
Total	772
Accumulated Depreciation	464
Operating Properties | Downtown Crown
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	25,657
Initial cost, building & improvements	73,363
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	(1,057)
Gross carry amount close of period, land	25,657
Gross carry amount close of period, building and improvements	72,306
Total	97,963
Accumulated Depreciation	1,103
Operating Properties | Draper Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,054
Initial cost, building & improvements	27,229
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	985
Gross carry amount close of period, land	9,054
Gross carry amount close of period, building and improvements	28,214
Total	37,268
Accumulated Depreciation	9,462
Operating Properties | Draper Peaks
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,498
Initial cost, building & improvements	46,984
Costs capitalized subsequent to acquisition/development, land	522
Costs capitalized subsequent to acquisition/development, buildings and improvements	5,257
Gross carry amount close of period, land	12,020
Gross carry amount close of period, building and improvements	52,240
Total	64,260
Accumulated Depreciation	13,419
Operating Properties | East Stone Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,746
Initial cost, building & improvements	18,461
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	3,746
Gross carry amount close of period, building and improvements	18,461
Total	22,207
Accumulated Depreciation	365
Operating Properties | Eastern Beltway
Real Estate Properties [Line Items]
Encumbrances	34,100
Initial cost, land	23,221
Initial cost, building & improvements	45,717
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	5,165
Gross carry amount close of period, land	23,221
Gross carry amount close of period, building and improvements	50,883
Total	74,104
Accumulated Depreciation	13,691
Operating Properties | Eastgate Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,244
Initial cost, building & improvements	59,326
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,195
Gross carry amount close of period, land	4,244
Gross carry amount close of period, building and improvements	60,520
Total	64,764
Accumulated Depreciation	2,737
Operating Properties | Eastgate Pavilion
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,026
Initial cost, building & improvements	18,183
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,592
Gross carry amount close of period, land	8,026
Gross carry amount close of period, building and improvements	19,774
Total	27,800
Accumulated Depreciation	9,306
Operating Properties | Eastside
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,302
Initial cost, building & improvements	11,941
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	3,302
Gross carry amount close of period, building and improvements	11,941
Total	15,243
Accumulated Depreciation	148
Operating Properties | Eastwood Towne Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,153
Initial cost, building & improvements	57,731
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	3,153
Gross carry amount close of period, building and improvements	57,731
Total	60,884
Accumulated Depreciation	946
Operating Properties | Eddy Street Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,900
Initial cost, building & improvements	36,940
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,241
Gross carry amount close of period, land	1,900
Gross carry amount close of period, building and improvements	38,181
Total	40,081
Accumulated Depreciation	14,960
Operating Properties | Edwards Multiplex
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	22,692
Initial cost, building & improvements	28,305
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	22,692
Gross carry amount close of period, building and improvements	28,305
Total	50,997
Accumulated Depreciation	435
Operating Properties | Estero Town Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,973
Initial cost, building & improvements	9,941
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,018
Gross carry amount close of period, land	8,973
Gross carry amount close of period, building and improvements	10,959
Total	19,932
Accumulated Depreciation	4,433
Operating Properties | Fairgrounds Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	12,792
Initial cost, building & improvements	12,731
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	12,792
Gross carry amount close of period, building and improvements	12,731
Total	25,523
Accumulated Depreciation	183
Operating Properties | Fishers Station
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,008
Initial cost, building & improvements	15,607
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	217
Gross carry amount close of period, land	4,008
Gross carry amount close of period, building and improvements	15,824
Total	19,832
Accumulated Depreciation	5,940
Operating Properties | Fordham Place
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	43,274
Initial cost, building & improvements	103,261
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	4
Gross carry amount close of period, land	43,274
Gross carry amount close of period, building and improvements	103,265
Total	146,539
Accumulated Depreciation	1,199
Operating Properties | Fort Evans Plaza II
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,019
Initial cost, building & improvements	37,138
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	14,019
Gross carry amount close of period, building and improvements	37,138
Total	51,157
Accumulated Depreciation	562
Operating Properties | Fullerton Metrocenter
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	55,643
Initial cost, building & improvements	45,695
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	55,643
Gross carry amount close of period, building and improvements	45,695
Total	101,338
Accumulated Depreciation	755
Operating Properties | Galvez Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	509
Initial cost, building & improvements	4,957
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	509
Gross carry amount close of period, building and improvements	4,957
Total	5,466
Accumulated Depreciation	69
Operating Properties | Gardiner Manor Mall
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	28,599
Initial cost, building & improvements	25,048
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	28,599
Gross carry amount close of period, building and improvements	25,048
Total	53,647
Accumulated Depreciation	434
Operating Properties | Gateway Pavillions
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	43,615
Initial cost, building & improvements	16,881
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	43,615
Gross carry amount close of period, building and improvements	16,881
Total	60,496
Accumulated Depreciation	332
Operating Properties | Gateway Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	15,567
Initial cost, building & improvements	22,136
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	15,567
Gross carry amount close of period, building and improvements	22,136
Total	37,703
Accumulated Depreciation	445
Operating Properties | Gateway Station
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,614
Initial cost, building & improvements	11,213
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	10,614
Gross carry amount close of period, building and improvements	11,213
Total	21,827
Accumulated Depreciation	173
Operating Properties | Gateway Village
Real Estate Properties [Line Items]
Encumbrances	30,996
Initial cost, land	33,289
Initial cost, building & improvements	31,100
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	33,289
Gross carry amount close of period, building and improvements	31,100
Total	64,389
Accumulated Depreciation	547
Operating Properties | Geist Pavilion
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,368
Initial cost, building & improvements	8,267
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	2,632
Gross carry amount close of period, land	1,368
Gross carry amount close of period, building and improvements	10,899
Total	12,267
Accumulated Depreciation	5,340
Operating Properties | Gerry Centennial Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,452
Initial cost, building & improvements	10,483
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	3,452
Gross carry amount close of period, building and improvements	10,483
Total	13,935
Accumulated Depreciation	208
Operating Properties | Grapevine Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,095
Initial cost, building & improvements	12,951
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	123
Gross carry amount close of period, land	7,095
Gross carry amount close of period, building and improvements	13,074
Total	20,169
Accumulated Depreciation	208
Operating Properties | Green's Corner
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,820
Initial cost, building & improvements	10,965
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	4,820
Gross carry amount close of period, building and improvements	10,965
Total	15,785
Accumulated Depreciation	199
Operating Properties | Greyhound Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,629
Initial cost, building & improvements	794
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,086
Gross carry amount close of period, land	2,629
Gross carry amount close of period, building and improvements	1,880
Total	4,509
Accumulated Depreciation	1,025
Operating Properties | Gurnee Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,219
Initial cost, building & improvements	20,945
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	4
Gross carry amount close of period, land	7,219
Gross carry amount close of period, building and improvements	20,949
Total	28,168
Accumulated Depreciation	363
Operating Properties | Henry Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,372
Initial cost, building & improvements	51,111
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	9,372
Gross carry amount close of period, building and improvements	51,111
Total	60,483
Accumulated Depreciation	831
Operating Properties | Heritage Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,556
Initial cost, building & improvements	16,546
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	46
Gross carry amount close of period, land	11,556
Gross carry amount close of period, building and improvements	16,591
Total	28,147
Accumulated Depreciation	273
Operating Properties | Heritage Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,811
Initial cost, building & improvements	14,560
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	5,811
Gross carry amount close of period, building and improvements	14,560
Total	20,371
Accumulated Depreciation	225
Operating Properties | Holly Springs Towne Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	22,324
Initial cost, building & improvements	94,493
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	6,805
Gross carry amount close of period, land	22,324
Gross carry amount close of period, building and improvements	101,298
Total	123,622
Accumulated Depreciation	23,176
Operating Properties | Home Depot Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	20,271
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	0
Gross carry amount close of period, building and improvements	20,271
Total	20,271
Accumulated Depreciation	317
Operating Properties | Huebner Oaks
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	19,327
Initial cost, building & improvements	37,386
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	19,327
Gross carry amount close of period, building and improvements	37,386
Total	56,713
Accumulated Depreciation	673
Operating Properties | Humblewood Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,952
Initial cost, building & improvements	10,604
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	92
Gross carry amount close of period, land	3,952
Gross carry amount close of period, building and improvements	10,696
Total	14,648
Accumulated Depreciation	153
Operating Properties | Hunter's Creek Promenade
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,017
Initial cost, building & improvements	12,529
Costs capitalized subsequent to acquisition/development, land	179
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,192
Gross carry amount close of period, land	8,196
Gross carry amount close of period, building and improvements	13,720
Total	21,916
Accumulated Depreciation	4,239
Operating Properties | Indian River Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,000
Initial cost, building & improvements	6,037
Costs capitalized subsequent to acquisition/development, land	1,100
Costs capitalized subsequent to acquisition/development, buildings and improvements	2,535
Gross carry amount close of period, land	5,100
Gross carry amount close of period, building and improvements	8,572
Total	13,672
Accumulated Depreciation	3,558
Operating Properties | International Speedway Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,157
Initial cost, building & improvements	12,864
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	7,864
Gross carry amount close of period, land	7,157
Gross carry amount close of period, building and improvements	20,728
Total	27,885
Accumulated Depreciation	12,030
Operating Properties | Jefferson Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	23,787
Initial cost, building & improvements	21,392
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	152
Gross carry amount close of period, land	23,787
Gross carry amount close of period, building and improvements	21,544
Total	45,331
Accumulated Depreciation	359
Operating Properties | John's Creek Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,735
Initial cost, building & improvements	35,975
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	125
Gross carry amount close of period, land	7,735
Gross carry amount close of period, building and improvements	36,100
Total	43,835
Accumulated Depreciation	514
Operating Properties | King's Lake Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,519
Initial cost, building & improvements	15,397
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,696
Gross carry amount close of period, land	4,519
Gross carry amount close of period, building and improvements	17,093
Total	21,612
Accumulated Depreciation	9,286
Operating Properties | Kingwood Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,715
Initial cost, building & improvements	30,598
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	234
Gross carry amount close of period, land	5,715
Gross carry amount close of period, building and improvements	30,832
Total	36,547
Accumulated Depreciation	12,487
Operating Properties | La Plaza Del Norte
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	18,271
Initial cost, building & improvements	34,895
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	18,271
Gross carry amount close of period, building and improvements	34,895
Total	53,166
Accumulated Depreciation	567
Operating Properties | Lake City Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,693
Initial cost, building & improvements	12,211
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	329
Gross carry amount close of period, land	4,693
Gross carry amount close of period, building and improvements	12,540
Total	17,233
Accumulated Depreciation	4,086
Operating Properties | Lake Mary Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,413
Initial cost, building & improvements	8,664
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	231
Gross carry amount close of period, land	1,413
Gross carry amount close of period, building and improvements	8,895
Total	10,308
Accumulated Depreciation	2,321
Operating Properties | Lake Worth Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,099
Initial cost, building & improvements	28,662
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	6,099
Gross carry amount close of period, building and improvements	28,662
Total	34,761
Accumulated Depreciation	397
Operating Properties | Lakewood Towne Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	33,903
Initial cost, building & improvements	33,072
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	5
Gross carry amount close of period, land	33,903
Gross carry amount close of period, building and improvements	33,077
Total	66,980
Accumulated Depreciation	563
Operating Properties | Lincoln Park
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,974
Initial cost, building & improvements	39,289
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	14,974
Gross carry amount close of period, building and improvements	39,289
Total	54,263
Accumulated Depreciation	657
Operating Properties | Lincoln Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	16,522
Initial cost, building & improvements	40,431
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	103
Gross carry amount close of period, land	16,522
Gross carry amount close of period, building and improvements	40,534
Total	57,056
Accumulated Depreciation	615
Operating Properties | Lithia Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,065
Initial cost, building & improvements	9,266
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	3,872
Gross carry amount close of period, land	3,065
Gross carry amount close of period, building and improvements	13,138
Total	16,203
Accumulated Depreciation	5,367
Operating Properties | Lowe's/Bed Bath & Beyond
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	19,894
Initial cost, building & improvements	0
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	19,894
Gross carry amount close of period, building and improvements	0
Total	19,894
Accumulated Depreciation	0
Operating Properties | MacArthur Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,193
Initial cost, building & improvements	13,864
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	8,193
Gross carry amount close of period, building and improvements	13,864
Total	22,057
Accumulated Depreciation	246
Operating Properties | Main Street Promenade
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,569
Initial cost, building & improvements	60,841
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	2
Gross carry amount close of period, land	2,569
Gross carry amount close of period, building and improvements	60,843
Total	63,412
Accumulated Depreciation	621
Operating Properties | Manchester Meadows
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,788
Initial cost, building & improvements	30,024
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	10,788
Gross carry amount close of period, building and improvements	30,024
Total	40,812
Accumulated Depreciation	575
Operating Properties | Mansfield Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,983
Initial cost, building & improvements	14,033
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	2,983
Gross carry amount close of period, building and improvements	14,033
Total	17,016
Accumulated Depreciation	216
Operating Properties | Market Street Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,764
Initial cost, building & improvements	16,360
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	3,819
Gross carry amount close of period, land	9,764
Gross carry amount close of period, building and improvements	20,179
Total	29,943
Accumulated Depreciation	9,243
Operating Properties | Merrifield Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,014
Initial cost, building & improvements	41,300
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	5,014
Gross carry amount close of period, building and improvements	41,300
Total	46,314
Accumulated Depreciation	497
Operating Properties | Merrifield Town Center II
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	19,852
Initial cost, building & improvements	23,453
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	19,852
Gross carry amount close of period, building and improvements	23,453
Total	43,305
Accumulated Depreciation	270
Operating Properties | Miramar Square
Real Estate Properties [Line Items]
Encumbrances	31,625
Initial cost, land	26,492
Initial cost, building & improvements	27,982
Costs capitalized subsequent to acquisition/development, land	389
Costs capitalized subsequent to acquisition/development, buildings and improvements	12,541
Gross carry amount close of period, land	26,880
Gross carry amount close of period, building and improvements	40,524
Total	67,404
Accumulated Depreciation	8,832
Operating Properties | Mullins Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,582
Initial cost, building & improvements	42,103
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	6,185
Gross carry amount close of period, land	10,582
Gross carry amount close of period, building and improvements	48,288
Total	58,870
Accumulated Depreciation	15,891
Operating Properties | Naperville Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,364
Initial cost, building & improvements	11,475
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	160
Gross carry amount close of period, land	5,364
Gross carry amount close of period, building and improvements	11,634
Total	16,998
Accumulated Depreciation	4,683
Operating Properties | New Forest Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,197
Initial cost, building & improvements	10,178
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	7,197
Gross carry amount close of period, building and improvements	10,178
Total	17,375
Accumulated Depreciation	167
Operating Properties | New Hyde Park Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,888
Initial cost, building & improvements	9,895
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	10,888
Gross carry amount close of period, building and improvements	9,895
Total	20,783
Accumulated Depreciation	114
Operating Properties | Newnan Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,872
Initial cost, building & improvements	40,106
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	6,872
Gross carry amount close of period, building and improvements	40,106
Total	46,978
Accumulated Depreciation	615
Operating Properties | Newton Crossroads
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,024
Initial cost, building & improvements	12,025
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	1,024
Gross carry amount close of period, building and improvements	12,025
Total	13,049
Accumulated Depreciation	199
Operating Properties | Nora Plaza
Real Estate Properties [Line Items]
Encumbrances	3,578
Initial cost, land	3,790
Initial cost, building & improvements	21,293
Costs capitalized subsequent to acquisition/development, land	4,996
Costs capitalized subsequent to acquisition/development, buildings and improvements	12,299
Gross carry amount close of period, land	8,786
Gross carry amount close of period, building and improvements	33,593
Total	42,379
Accumulated Depreciation	3,648
Operating Properties | North Benson Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	16,847
Initial cost, building & improvements	10,184
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	16,847
Gross carry amount close of period, building and improvements	10,184
Total	27,031
Accumulated Depreciation	206
Operating Properties | Northcrest Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,044
Initial cost, building & improvements	33,921
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,108
Gross carry amount close of period, land	4,044
Gross carry amount close of period, building and improvements	35,030
Total	39,074
Accumulated Depreciation	9,465
Operating Properties | Northdale Promenade
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,718
Initial cost, building & improvements	26,309
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	274
Gross carry amount close of period, land	1,718
Gross carry amount close of period, building and improvements	26,583
Total	28,301
Accumulated Depreciation	13,558
Operating Properties | Northgate North
Real Estate Properties [Line Items]
Encumbrances	23,632
Initial cost, land	20,246
Initial cost, building & improvements	48,082
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	27
Gross carry amount close of period, land	20,246
Gross carry amount close of period, building and improvements	48,109
Total	68,355
Accumulated Depreciation	741
Operating Properties | Northpointe Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	16,020
Initial cost, building & improvements	34,341
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1
Gross carry amount close of period, land	16,020
Gross carry amount close of period, building and improvements	34,342
Total	50,362
Accumulated Depreciation	641
Operating Properties | Oak Brook Promenade
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,600
Initial cost, building & improvements	49,728
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	6,600
Gross carry amount close of period, building and improvements	49,728
Total	56,328
Accumulated Depreciation	770
Operating Properties | Oleander Place
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	847
Initial cost, building & improvements	5,781
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	285
Gross carry amount close of period, land	847
Gross carry amount close of period, building and improvements	6,067
Total	6,914
Accumulated Depreciation	2,765
Operating Properties | One Loudoun Downtown
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	74,829
Initial cost, building & improvements	104,149
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	208
Gross carry amount close of period, land	74,829
Gross carry amount close of period, building and improvements	104,357
Total	179,186
Accumulated Depreciation	1,095
Operating Properties | Oswego Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,479
Initial cost, building & improvements	8,914
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	5,479
Gross carry amount close of period, building and improvements	8,914
Total	14,393
Accumulated Depreciation	172
Operating Properties | Paradise Valley Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,029
Initial cost, building & improvements	34,160
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	7,029
Gross carry amount close of period, building and improvements	34,160
Total	41,189
Accumulated Depreciation	522
Operating Properties | Parkside Town Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	21,796
Initial cost, building & improvements	107,119
Costs capitalized subsequent to acquisition/development, land	(60)
Costs capitalized subsequent to acquisition/development, buildings and improvements	11,981
Gross carry amount close of period, land	21,736
Gross carry amount close of period, building and improvements	119,100
Total	140,836
Accumulated Depreciation	30,664
Operating Properties | Parkway Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	15,246
Initial cost, building & improvements	28,138
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	15,246
Gross carry amount close of period, building and improvements	28,138
Total	43,384
Accumulated Depreciation	335
Operating Properties | Pavilion at Kings Grant
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,124
Initial cost, building & improvements	37,097
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	7
Gross carry amount close of period, land	5,124
Gross carry amount close of period, building and improvements	37,103
Total	42,227
Accumulated Depreciation	576
Operating Properties | Pelham Manor Shopping Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	30,145
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	0
Gross carry amount close of period, building and improvements	30,145
Total	30,145
Accumulated Depreciation	405
Operating Properties | Peoria Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	18,961
Initial cost, building & improvements	19,215
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	18,961
Gross carry amount close of period, building and improvements	19,215
Total	38,176
Accumulated Depreciation	310
Operating Properties | Perimeter Woods
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,893
Initial cost, building & improvements	27,100
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,940
Gross carry amount close of period, land	6,893
Gross carry amount close of period, building and improvements	29,040
Total	35,933
Accumulated Depreciation	7,841
Operating Properties | Pine Ridge Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,640
Initial cost, building & improvements	16,904
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	4,178
Gross carry amount close of period, land	5,640
Gross carry amount close of period, building and improvements	21,081
Total	26,721
Accumulated Depreciation	8,888
Operating Properties | Plaza at Cedar Hill
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,782
Initial cost, building & improvements	36,445
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	12,150
Gross carry amount close of period, land	5,782
Gross carry amount close of period, building and improvements	48,595
Total	54,377
Accumulated Depreciation	24,216
Operating Properties | Plaza at Marysville
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,771
Initial cost, building & improvements	18,436
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	6,771
Gross carry amount close of period, building and improvements	18,436
Total	25,207
Accumulated Depreciation	308
Operating Properties | Plaza Del Lago
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,993
Initial cost, building & improvements	20,621
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	14,993
Gross carry amount close of period, building and improvements	20,621
Total	35,614
Accumulated Depreciation	377
Operating Properties | Pleasant Hill Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,350
Initial cost, building & improvements	9,030
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	437
Gross carry amount close of period, land	3,350
Gross carry amount close of period, building and improvements	9,467
Total	12,817
Accumulated Depreciation	2,564
Operating Properties | Pleasant Run Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,506
Initial cost, building & improvements	23,906
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	4,506
Gross carry amount close of period, building and improvements	23,906
Total	28,412
Accumulated Depreciation	376
Operating Properties | Portofino Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,721
Initial cost, building & improvements	71,493
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	19,981
Gross carry amount close of period, land	4,721
Gross carry amount close of period, building and improvements	91,473
Total	96,194
Accumulated Depreciation	31,433
Operating Properties | Publix at Woodruff
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,783
Initial cost, building & improvements	6,259
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	869
Gross carry amount close of period, land	1,783
Gross carry amount close of period, building and improvements	7,128
Total	8,911
Accumulated Depreciation	4,070
Operating Properties | Rampart Commons
Real Estate Properties [Line Items]
Encumbrances	8,097
Initial cost, land	1,136
Initial cost, building & improvements	42,321
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	535
Gross carry amount close of period, land	1,136
Gross carry amount close of period, building and improvements	42,856
Total	43,992
Accumulated Depreciation	13,950
Operating Properties | Rangeline Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,981
Initial cost, building & improvements	18,137
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	506
Gross carry amount close of period, land	1,981
Gross carry amount close of period, building and improvements	18,643
Total	20,624
Accumulated Depreciation	7,927
Operating Properties | Reisterstown Road Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	16,531
Initial cost, building & improvements	31,039
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1
Gross carry amount close of period, land	16,531
Gross carry amount close of period, building and improvements	31,041
Total	47,572
Accumulated Depreciation	599
Operating Properties | Riverchase Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,889
Initial cost, building & improvements	11,404
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,188
Gross carry amount close of period, land	3,889
Gross carry amount close of period, building and improvements	12,592
Total	16,481
Accumulated Depreciation	5,759
Operating Properties | Rivers Edge
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,647
Initial cost, building & improvements	29,949
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	2,320
Gross carry amount close of period, land	5,647
Gross carry amount close of period, building and improvements	32,269
Total	37,916
Accumulated Depreciation	11,856
Operating Properties | Rivery Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,198
Initial cost, building & improvements	3,459
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	5,198
Gross carry amount close of period, building and improvements	3,459
Total	8,657
Accumulated Depreciation	108
Operating Properties | Royal Oaks Village II
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,497
Initial cost, building & improvements	9,677
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	3,497
Gross carry amount close of period, building and improvements	9,677
Total	13,174
Accumulated Depreciation	136
Operating Properties | Sawyer Heights Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	18,437
Initial cost, building & improvements	21,401
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	18,437
Gross carry amount close of period, building and improvements	21,401
Total	39,838
Accumulated Depreciation	268
Operating Properties | Saxon Crossing
Real Estate Properties [Line Items]
Encumbrances	11,400
Initial cost, land	3,764
Initial cost, building & improvements	16,804
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	545
Gross carry amount close of period, land	3,764
Gross carry amount close of period, building and improvements	17,348
Total	21,112
Accumulated Depreciation	5,671
Operating Properties | Shoppes at Hagerstown
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,628
Initial cost, building & improvements	16,183
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	6,628
Gross carry amount close of period, building and improvements	16,183
Total	22,811
Accumulated Depreciation	209
Operating Properties | Shoppes at Plaza Green
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,749
Initial cost, building & improvements	22,255
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,546
Gross carry amount close of period, land	3,749
Gross carry amount close of period, building and improvements	23,801
Total	27,550
Accumulated Depreciation	9,059
Operating Properties | Shoppes of Eastwood
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,688
Initial cost, building & improvements	8,959
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	710
Gross carry amount close of period, land	1,688
Gross carry amount close of period, building and improvements	9,670
Total	11,358
Accumulated Depreciation	4,172
Operating Properties | Shoppes of New Hope
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,118
Initial cost, building & improvements	9,105
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	2,118
Gross carry amount close of period, building and improvements	9,105
Total	11,223
Accumulated Depreciation	146
Operating Properties | Shoppes of Prominence Point
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,857
Initial cost, building & improvements	11,775
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	2,857
Gross carry amount close of period, building and improvements	11,775
Total	14,632
Accumulated Depreciation	182
Operating Properties | Shops at Eagle Creek
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,121
Initial cost, building & improvements	7,696
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	5,346
Gross carry amount close of period, land	2,121
Gross carry amount close of period, building and improvements	13,042
Total	15,163
Accumulated Depreciation	6,162
Operating Properties | Shops at Forest Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,558
Initial cost, building & improvements	9,389
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	1,558
Gross carry amount close of period, building and improvements	9,389
Total	10,947
Accumulated Depreciation	144
Operating Properties | Shops at Julington Creek
Real Estate Properties [Line Items]
Encumbrances	4,785
Initial cost, land	2,372
Initial cost, building & improvements	7,300
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	260
Gross carry amount close of period, land	2,372
Gross carry amount close of period, building and improvements	7,561
Total	9,933
Accumulated Depreciation	1,787
Operating Properties | Shops at Moore
Real Estate Properties [Line Items]
Encumbrances	21,300
Initial cost, land	6,284
Initial cost, building & improvements	23,773
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,438
Gross carry amount close of period, land	6,284
Gross carry amount close of period, building and improvements	25,211
Total	31,495
Accumulated Depreciation	6,322
Operating Properties | Shops at Park Place
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,152
Initial cost, building & improvements	18,967
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	8,152
Gross carry amount close of period, building and improvements	18,967
Total	27,119
Accumulated Depreciation	310
Operating Properties | Silver Springs Pointe
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,580
Initial cost, building & improvements	4,992
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	311
Gross carry amount close of period, land	7,580
Gross carry amount close of period, building and improvements	5,303
Total	12,883
Accumulated Depreciation	1,865
Operating Properties | Southlake Corners
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,872
Initial cost, building & improvements	17,171
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	7,872
Gross carry amount close of period, building and improvements	17,171
Total	25,043
Accumulated Depreciation	266
Operating Properties | Southlake Town Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	19,757
Initial cost, building & improvements	338,690
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	164
Gross carry amount close of period, land	19,757
Gross carry amount close of period, building and improvements	338,854
Total	358,611
Accumulated Depreciation	4,124
Operating Properties | Stilesboro Oaks
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,728
Initial cost, building & improvements	9,933
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	3,728
Gross carry amount close of period, building and improvements	9,933
Total	13,661
Accumulated Depreciation	192
Operating Properties | Stonebridge Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,874
Initial cost, building & improvements	7,970
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	1,874
Gross carry amount close of period, building and improvements	7,970
Total	9,844
Accumulated Depreciation	128
Operating Properties | Stoney Creek Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	628
Initial cost, building & improvements	3,700
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	5,913
Gross carry amount close of period, land	628
Gross carry amount close of period, building and improvements	9,613
Total	10,241
Accumulated Depreciation	4,598
Operating Properties | Sunland Towne Centre
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,774
Initial cost, building & improvements	21,775
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	3,559
Gross carry amount close of period, land	14,774
Gross carry amount close of period, building and improvements	25,334
Total	40,108
Accumulated Depreciation	12,179
Operating Properties | Tacoma South
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	30,658
Initial cost, building & improvements	3,160
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	30,658
Gross carry amount close of period, building and improvements	3,160
Total	33,818
Accumulated Depreciation	33
Operating Properties | Target South Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,611
Initial cost, building & improvements	9,545
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	2,611
Gross carry amount close of period, building and improvements	9,545
Total	12,156
Accumulated Depreciation	160
Operating Properties | Tarpon Bay Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,855
Initial cost, building & improvements	23,369
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	3,601
Gross carry amount close of period, land	3,855
Gross carry amount close of period, building and improvements	26,970
Total	30,825
Accumulated Depreciation	9,152
Operating Properties | The Brickyard
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	28,948
Initial cost, building & improvements	22,537
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	28,948
Gross carry amount close of period, building and improvements	22,537
Total	51,485
Accumulated Depreciation	355
Operating Properties | The Corner
Real Estate Properties [Line Items]
Encumbrances	14,750
Initial cost, land	3,772
Initial cost, building & improvements	24,351
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	30
Gross carry amount close of period, land	3,772
Gross carry amount close of period, building and improvements	24,381
Total	28,153
Accumulated Depreciation	6,435
Operating Properties | The Shoppes at Union Hill
Real Estate Properties [Line Items]
Encumbrances	10,988
Initial cost, land	10,021
Initial cost, building & improvements	46,599
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	5
Gross carry amount close of period, land	10,021
Gross carry amount close of period, building and improvements	46,604
Total	56,625
Accumulated Depreciation	669
Operating Properties | The Shops at Legacy
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	15,062
Initial cost, building & improvements	126,169
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	7
Gross carry amount close of period, land	15,062
Gross carry amount close of period, building and improvements	126,176
Total	141,238
Accumulated Depreciation	1,994
Operating Properties | Tollgate Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,824
Initial cost, building & improvements	67,349
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	11,824
Gross carry amount close of period, building and improvements	67,349
Total	79,173
Accumulated Depreciation	1,115
Operating Properties | Toringdon Market
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,448
Initial cost, building & improvements	9,539
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	164
Gross carry amount close of period, land	5,448
Gross carry amount close of period, building and improvements	9,703
Total	15,151
Accumulated Depreciation	3,180
Operating Properties | Towson Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,403
Initial cost, building & improvements	27,373
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	1,403
Gross carry amount close of period, building and improvements	27,373
Total	28,776
Accumulated Depreciation	326
Operating Properties | Traders Point
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,819
Initial cost, building & improvements	42,941
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	2,480
Gross carry amount close of period, land	11,819
Gross carry amount close of period, building and improvements	45,421
Total	57,240
Accumulated Depreciation	24,685
Operating Properties | Tradition Village Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,140
Initial cost, building & improvements	14,840
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	841
Gross carry amount close of period, land	3,140
Gross carry amount close of period, building and improvements	15,682
Total	18,822
Accumulated Depreciation	4,627
Operating Properties | Tysons Corner
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	13,177
Initial cost, building & improvements	10,883
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	13,177
Gross carry amount close of period, building and improvements	10,883
Total	24,060
Accumulated Depreciation	113
Operating Properties | Village Shoppes at Simonton
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,632
Initial cost, building & improvements	10,086
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	1,632
Gross carry amount close of period, building and improvements	10,086
Total	11,718
Accumulated Depreciation	155
Operating Properties | Walter's Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	13,098
Initial cost, building & improvements	20,328
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	47
Gross carry amount close of period, land	13,098
Gross carry amount close of period, building and improvements	20,374
Total	33,472
Accumulated Depreciation	288
Operating Properties | Watauga Pavilion
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,559
Initial cost, building & improvements	24,166
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	5,559
Gross carry amount close of period, building and improvements	24,166
Total	29,725
Accumulated Depreciation	348
Operating Properties | Waterford Lakes Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,317
Initial cost, building & improvements	6,388
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	918
Gross carry amount close of period, land	2,317
Gross carry amount close of period, building and improvements	7,306
Total	9,623
Accumulated Depreciation	3,370
Operating Properties | Waxahachie Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,411
Initial cost, building & improvements	15,451
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	(46)
Gross carry amount close of period, land	1,411
Gross carry amount close of period, building and improvements	15,405
Total	16,816
Accumulated Depreciation	3,689
Operating Properties | Winchester Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,135
Initial cost, building & improvements	9,366
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	2,135
Gross carry amount close of period, building and improvements	9,366
Total	11,501
Accumulated Depreciation	168
Operating Properties | Woodinville Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	25,020
Initial cost, building & improvements	26,521
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	25,020
Gross carry amount close of period, building and improvements	26,521
Total	51,541
Accumulated Depreciation	464
Operating Properties | The Landing at Tradition
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	18,505
Initial cost, building & improvements	46,105
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	5,781
Gross carry amount close of period, land	18,505
Gross carry amount close of period, building and improvements	51,886
Total	70,391
Accumulated Depreciation	12,861
Office and Other Properties
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,547
Initial cost, building & improvements	41,856
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	24,596
Gross carry amount close of period, land	2,547
Gross carry amount close of period, building and improvements	66,452
Total	68,999
Accumulated Depreciation	30,053
Office and Other Properties | Thirty South Meridian
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,643
Initial cost, building & improvements	9,669
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	22,234
Gross carry amount close of period, land	1,643
Gross carry amount close of period, building and improvements	31,903
Total	33,546
Accumulated Depreciation	15,858
Office and Other Properties | Pan Am Plaza Garage
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	29,536
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	276
Gross carry amount close of period, land	0
Gross carry amount close of period, building and improvements	29,813
Total	29,813
Accumulated Depreciation	11,981
Office and Other Properties | Union Station Parking Garage
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	904
Initial cost, building & improvements	2,650
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	2,086
Gross carry amount close of period, land	904
Gross carry amount close of period, building and improvements	4,736
Total	5,640
Accumulated Depreciation	2,214
Development and Redevelopment Projects
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	177,197
Initial cost, building & improvements	282,370
Costs capitalized subsequent to acquisition/development, land	(206)
Costs capitalized subsequent to acquisition/development, buildings and improvements	28,287
Gross carry amount close of period, land	176,991
Gross carry amount close of period, building and improvements	310,657
Total	487,648
Accumulated Depreciation	53,029
Development and Redevelopment Projects | One Loudoun Downtown
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	70,000
Initial cost, building & improvements	121,327
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,910
Gross carry amount close of period, land	70,000
Gross carry amount close of period, building and improvements	123,237
Total	193,237
Accumulated Depreciation	404
Development and Redevelopment Projects | Carillon
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	70,750
Initial cost, building & improvements	253
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	2,383
Gross carry amount close of period, land	70,750
Gross carry amount close of period, building and improvements	2,637
Total	73,387
Accumulated Depreciation	0
Development and Redevelopment Projects | Circle East
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,110
Initial cost, building & improvements	36,220
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	569
Gross carry amount close of period, land	6,110
Gross carry amount close of period, building and improvements	36,789
Total	42,899
Accumulated Depreciation	261
Development and Redevelopment Projects | Eddy Street Commons - Phase II
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,599
Initial cost, building & improvements	13,739
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	2,599
Gross carry amount close of period, building and improvements	13,739
Total	16,337
Accumulated Depreciation	811
Development and Redevelopment Projects | Glendale Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,494
Initial cost, building & improvements	44,005
Costs capitalized subsequent to acquisition/development, land	(187)
Costs capitalized subsequent to acquisition/development, buildings and improvements	16,767
Gross carry amount close of period, land	1,307
Gross carry amount close of period, building and improvements	60,772
Total	62,079
Accumulated Depreciation	33,827
Development and Redevelopment Projects | Hamilton Crossing Centre
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,549
Initial cost, building & improvements	11,250
Costs capitalized subsequent to acquisition/development, land	(19)
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	5,531
Gross carry amount close of period, building and improvements	11,250
Total	16,781
Accumulated Depreciation	4,680
Development and Redevelopment Projects | Shoppes at Quarterfield
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,190
Initial cost, building & improvements	9,472
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	876
Gross carry amount close of period, land	2,190
Gross carry amount close of period, building and improvements	10,348
Total	12,538
Accumulated Depreciation	184
Other Property
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	20,805
Initial cost, building & improvements	796
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	20,805
Gross carry amount close of period, building and improvements	796
Total	21,601
Accumulated Depreciation	715
Other Property | Bridgewater Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,103
Initial cost, building & improvements	0
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	1,103
Gross carry amount close of period, building and improvements	0
Total	1,103
Accumulated Depreciation	0
Other Property | KRG Development
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	796
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	0
Gross carry amount close of period, building and improvements	796
Total	796
Accumulated Depreciation	715
Other Property | KRG New Hill
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,824
Initial cost, building & improvements	0
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	1,824
Gross carry amount close of period, building and improvements	0
Total	1,824
Accumulated Depreciation	0
Other Property | KRG Peakway
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,833
Initial cost, building & improvements	0
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	3,833
Gross carry amount close of period, building and improvements	0
Total	3,833
Accumulated Depreciation	0
Other Property | Pan Am Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,044
Initial cost, building & improvements	0
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	14,044
Gross carry amount close of period, building and improvements	0
Total	14,044
Accumulated Depreciation	0
Line of credit/Term loans/Unsecured notes
Real Estate Properties [Line Items]
Encumbrances	2,699,635
Initial cost, land	0
Initial cost, building & improvements	0
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	0
Gross carry amount close of period, building and improvements	0
Total	0
Accumulated Depreciation	$ 0

Schedule III - Consolidated R_3

Schedule III - Consolidated Real Estate and Accumulated Depreciation - Changes in Investment Properties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance, beginning of year	$ 3,136,982	$ 3,079,616	$ 3,633,376
Acquisitions	15,263	63,570	57,494
Improvements	54,323	39,544	52,713
Impairment	0	0	(56,948)
Disposals	(62,601)	(45,748)	(607,019)
Balance, end of year	7,584,735	3,136,982	3,079,616
Federal income tax basis	7,800,000
Retail Properties of America, Inc.
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Acquisitions related to the Merger	$ 4,440,768	$ 0	$ 0

Schedule III - Consolidated R_4

Schedule III - Consolidated Real Estate and Accumulated Depreciation - Reconciliation of Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance, beginning of year	$ 750,119	$ 661,546	$ 695,012
Depreciation expense	154,519	113,973	117,216
Impairment	0	0	(19,226)
Disposals	(25,332)	(25,400)	(131,456)
Balance, end of year	$ 879,306	$ 750,119	$ 661,546
Building | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Life used for depreciation	20 years
Building | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Life used for depreciation	35 years
Building improvements | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Life used for depreciation	10 years
Building improvements | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Life used for depreciation	35 years
Furniture and Fixtures | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Life used for depreciation	5 years
Furniture and Fixtures | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Life used for depreciation	10 years